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In the light of current developments following Brexit and with Germany becoming increasingly important as a FinTech centre, many start-ups outside of Germany now consider it a part of their future business model to apply for a German licence in order to provide customers with payment services using European passporting rights. The following article deals primarily with the documents that need to be submitted to obtain this licence, as defined in the German Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz, ZAG).

Authors: Tim Dolan Simon G. Grieser Anselm Reinertshofer

In the light of current developments following Brexit and with Germany becoming increasingly important as a FinTech centre, many start-ups outside of Germany now consider it a part of their future business model to apply for a German licence in order to provide customers with payment services using European passporting rights. The following article deals primarily with the documents that need to be submitted to obtain this licence, as defined in the German Payment Services Supervision Act (Zahlungsdiensteaufsichtsgesetz, ZAG).