Financial Supervision Authority annuls the payment services authorisation of Osaühing GRAPE TAX-FREE

28/02/2018

On 26 February 2018 the Financial Supervision Authority decided to annul the authorisation issued to Osaühing GRAPE TAX-FREE for the provision of money transfer services. The authorisation was annulled on the basis of the company’s own request.

Osaühing GRAPE TAX-FREE has confirmed that it does not have any effective customer contracts for the provision of payment services. The company has also confirmed that it has performed all of the claims arising from the provision of payment services to its customers.

12 payment service providers operate in Estonia on the basis of the authorisation issued by the Financial Supervision Authority. The list of payment service providers can be found in the register of market participants on the website of the Financial Supervision Authority.

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