Bank of GreeceSuspension of Authorizationcritical

NBL MONEY TRANSFER PAYMENT FOUNDATION S.A.

Greece

A. on Jul 20, 2026. The suspension was issued under Article 153 of Law 4261/2014, which governs the revocation and suspension of payment institution licenses.

It prevents the entity from operating as a licensed payment institution in Greece. The Bank of Greece publicly announced the decision on Jul 21, 2026. The announcement did not detail the specific grounds for the suspension.

Implications
  1. Demonstrates that payment institution authorizations remain subject to active regulatory enforcement in the EU/EEA
  2. Signals heightened supervisory scrutiny of payment institutions and money transfer operators
  3. Serves as a reminder that BaaS and payment infrastructure partnerships must account for counterparty regulatory risk
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