Frankfurt The financial supervisory authority Bafin has identified significant deficiencies in the payment service provider Unzer and is therefore taking tough action against the group. The subsidiary Unzer E-Com GmbH is no longer allowed to do business with new customers until further notice, Bafin announced on Wednesday. In addition, the authority sends a special representative to the entrepreneur, who is supposed to ensure that Unzer eliminates his weaknesses.
Unzer mainly handles online payments and is majority owned by the financial investor KKR. For the company, the unusually tough requirements of the Bafin are a serious setback.
CEO Robert Bueninck explained that the company would “completely correct the processes objected to by Bafin and work together with the special representative in a spirit of trust”. The new management team has already initiated significant further developments in the past twelve months and is optimizing the compliance processes with the support of external experts.
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