Payment Services and E-money Business
Zahlungsdienste : Deutsche VersionProviding Payment Services : English version
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Providing Payment Services

The term payment services is complex. The German “Law about Payment Services” (ZAG) specifies six different payment services followed by 15 exceptions. Commercially providing just one payment service in Germany already has the consequence of being qualified as a payment institution. A company in that case needs permission by the German supervisory authority BaFin. 

 Learn more about payment institutions, payment services and exceptions on the different subpages.