Poland · Payments & e-money
mElements Spółka Akcyjna
mElements S.A. is a joint-stock company based in Warsaw. The Polish Financial Supervision Authority (KNF) authorises it as a national payment institution (krajowa instytucja płatnicza) under register number IP47/2019. It belongs to the mBank Group, with mBank S.A. as its direct parent and Commerzbank AG as its ultimate parent. It runs the Paynow payment gateway for online merchants that hold a business account at mBank, and mBank is registered with the KNF as its agent. The KNF granted its licence in October 2019 and extended it to payment initiation and account information services in October 2020.
Licences and registrations
Held by mElements Spółka Akcyjna (LEI 52990054L5L1FTCJ1G70). 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterPolish Financial Supervision Authority | Payment institutionPayment Institution | 5223047892 | Poland | Active | 2019-10-25 | — |
|
Search the register ↗ |
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory.
Its LEI is not mapped to a BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
mBank Spółka Akcyjna
Firm type
Merchant acquiring and processing
Trades as Paynow
- Ownership
- mBank S.A. owns the firm, and Commerzbank AG is the ultimate parent according to the GLEIF record.
- Direct parent
- mBank Spółka Akcyjna, Poland
- Ultimate owner
- COMMERZBANK Aktiengesellschaft, Germany
- Head office
- ul. Prosta 18, 00-850 Warszawa, Poland
- Company register
- KRS 0000590484
Online
- Websites & references
- melements.pl ↗
paynow.pl ↗ Paynow payment gateway product site
faq.paynow.pl ↗ Paynow help and integration documentation - Official social accounts
- LinkedIn ↗
Sources · 12 pages consulted
- static.paynow.pl/docs/regulamin_integratora_platnosci_paynow_melements_sa_od_29032024.pdf
- static.paynow.pl/docs/regulamin-uslugi-integratora-platnosci-paynow-korporacje-24072024.pdf
- static.paynow.pl/docs/polityka_prywatnosci_w_melements_16072024.pdf
- static.paynow.pl/docs/regulamin_kuponow_mokazje.pdf
- melements.pl/
- melements.pl/akcjonariusze
- paynow.pl/
- mbank.pl/firmy/system-platnosci-online-paynow/
- mbank.pl/komunikaty/klienci-msp-i-korporacje/10398-zmieniamy-regulamin-integratora-platnosci-payno
- money.pl/gielda/knf-zezwolila-spolkom-zrzutka-i-melements-na-swiadczenie-uslug-platniczych-6435088
- cashless.pl/8751-knf-licencja-melements
- bank.pl/smartterminal-upraszcza-prowadzenie-mikrofirm-klientom-mbanku/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The KNF authorises the firm as a national payment institution under register number IP47/2019. mBank S.A. is entered in the KNF register as the firm's agent and distributes Paynow to its business clients.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Polish Financial Supervision Authority (KNF) Poland | Krajowa instytucja płatnicza (national payment institution) | IP47/2019 | In its own name | Active | static.paynow.pl ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Not disclosedThe firm's published merchant terms do not say how it safeguards the funds it receives for merchants.
- Acquirer / processor
- Worldline Financial Services (Europe) S.A. Luxembourg
- Payment schemes and card networks
- Visa Through a partner static.paynow.pl ↗
Mastercard Through a partner static.paynow.pl ↗
BLIK Access not stated static.paynow.pl ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
Its Paynow gateway lets online shops accept BLIK, pay-by-link transfers, cards, Apple Pay and Google Pay, and deferred payments supplied by PayPo. Merchants must hold a business account at mBank. On its website the firm says more than 10,000 merchants use its services.
It serves online merchants in Poland that hold a business account at mBank, and payouts are settled in PLN.
- Sells to
- Small businesses · Enterprises
- Serves customers in
- Poland
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
- Jarosław Stefański Prezes Zarządu (President of the Management Board)
Recent events
Researched 29 Sep 2026 · Sources
-
Other
mBank started a pilot of smartTerminal, a phone-based card acceptance service it developed with the firm, Worldline and Visa.
bank.pl ↗ -
Other
The firm added PayPo deferred payments to the Paynow gateway through an amendment to its terms effective 24 July 2024.
mbank.pl ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · EBA-PSD2
- 5223047892
- BIC
- Holds no BIC in Swift’s directory
- How the LEI was matched
- Matched by Elucidate to GLEIF on name, country and address
- Elucidate firm ID
- 4f9d4ec49fc3
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- Payment Institution
- Activities
- Money remittance
- Payment services
- Card acquiring
- Payment initiation
- Account information
- Licensed in
- Poland · Europe & Central Asia
- First registered
- 2019-10-25
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
- Direct parent
- mBank Spółka Akcyjna · Poland259400DZXF7UJKK2AY35 ↗
- Ultimate parent
- Commerzbank Aktiengesellschaft · Germany851WYGNLUQLFZBSYGB56 ↗
The Commerzbank Aktiengesellschaft group has 25 institutions in the directory, in 18 countries: 24 hold a BIC and 1 does not.
Including Commerzbank AG, Commerzbank AG, Commerzbank A.G Benelux Branch, Commerzbank AG, Commerzbank AG.
See the Commerzbank Aktiengesellschaft group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Address on the register
- Prosta 18, Warszawa, 00-850, PL, Warszawa, 00-850
- Country
- Poland
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address, with its LEI
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in one address line
<FinInstnId>
<LEI>52990054L5L1FTCJ1G70</LEI>
<Nm>mElements Spółka Akcyjna</Nm>
<PstlAdr>
<PstCd>00-850</PstCd>
<TwnNm>Warszawa</TwnNm>
<Ctry>PL</Ctry>
<AdrLine>Prosta 18, Warszawa, 00-850, PL</AdrLine>
</PstlAdr>
</FinInstnId>- The address line repeats the town or postcode. Remove the repeat if your payment system rejects it.
- CBPR+ does not accept the characters ó ł in names and addresses. Transliterate before sending.
CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- EBA PSD2 Register—European Banking Authority (EBA) · source ↗ as at 25 September 2026
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
Assess the financial crime risk behind a licence
A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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