Payment services provider Yourpay authorised as payment institution

Plesner assisted Danish card acquirer and payment gateway Yourpay in obtaining authorisation as a payment institution. Plesner’s services included drafting of compliance documentation, extensive fit and proper approvals, advising on capital base and capital requirements as well as detailed discussions with the Danish Supervisory Authority.

The new authorisation will enable Yourpay to pursue and accelerate its growth strategy to become the preferred one-stop payment services provider to the SME segment in Denmark and abroad.

With only around 15 Danish payment institutions, the granting of a new authorisation is a fairly rare event. Yourpay’s successful process confirms Plesner’s position as the leading Danish law firm within fintech and payment services.

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