Finantsinspektsioon issued authorisation on 30 May to Modena Payments OÜ to provide payment initiation services and account information services as a payment institution.
The payment initiation service gives Modena Payments OÜ the right to initiate payment transactions at the request of the client in a payment account that has not been opened with the payment initiation service provider. The account information authorisation gives the right to provide account information services. The members of the management board of Modena Payments OÜ are Oliver Matt and Pirmin Tamm.
All authorised payment institutions are listed on the Finantsinspektsioon website in the list of Supervised Entities.