Press Release

Randstad Group receives a payment services licence from BaFin

Frankfurt, Eschborn, July 4th, 2024 Annerton has successfully assisted Randstad Financial Services GmbH in applying for a licence as a payment service provider from the German Federal Financial Supervisory Authority (BaFin). With this licence, the subsidiary of Randstad Deutschland GmbH & Co. KG is now authorised to process payments for its customers. Randstad is one of the world’s leading personnel service providers.

A step towards expanding the service portfolio

With the BaFin authorisation, Randstad is expanding its portfolio of services. This offers particular advantages for large-scale projects in which Randstad works with several service providers. Involvement in payment transactions between payer and payee generally constitutes a payment service that requires authorisation as a payment institution.

Annerton partner Dr Anna Izzo-Wagner, LL.M. Eur., lawyer and partner at Annerton, and Till Otto, lawyer and senior associate at Annerton, assisted with the authorisation procedure at BaFin before the application for authorisation was submitted and throughout the entire procedure. Anna Izzo-Wagner: “By applying for a licence, Randstad is the first personnel service provider to take the step of applying for its own licence as a payment service provider. The BaFin authorisation for Randstad Financial Services GmbH represents an important milestone and significantly expands the portfolio. We arevery pleased for Randstad and thank them for the trust they have placed in us and the good cooperation.”


Dr Anna Izzo-Wagner, LL.M. (Eur); Sebastian Glaab; Till Christopher Otto; Jonas Burckgard (all Frankfurt); Dr Steffen Rapp (Munich); Josefine Spengler; Svetlana Ulrici (both Berlin)

About Randstad

Randstad is one of the world’s leading personnel service providers with the goal of becoming more specialised and fairer than any other company in the world of work. Through our “partner for talent” corporate strategy, we find, promote and connect specialised talent with companies – worldwide, locally and always at high speed. Our offerings encompass both the industrial-technical and professional sectors, digital talent solutions and end-to-end corporate solutions. We create high-performing, diverse and agile teams and support every individual in achieving a successful career with equal opportunities.

Randstad Germany has around 38,500 employees, including 2,500 internal employees, and 500 locations in 330 cities. Our revenue volume in 2023 was 1.843 billion euros. The CEO is Richard Jager.

Active in Germany for over 55 years, Randstad Germany is part of Randstad N.V., which was founded in Amsterdam in 1960 and is listed on the stock exchange in Diemen, the Netherlands. In 2023, Randstad, with around 40,000 employees worldwide, helped 2 million people in 39 countries to find the right job for them, generating a total turnover of 25.4 billion euros.


Randstad Germany Press Office
Bettina Desch
Frankfurter Straße 100
65760 Eschborn

Phone +49 1525 450 9349

Further information:

About Annerton

Annerton Rechtsanwaltsgesellschaft mbH is an independent law firm specializing in regulatory law in the financial sector. Since 2020, Annerton Rechtsanwaltsgesellschaft mbH in Germany and Annerton S.A. in Luxembourg have been advising established international institutions and corporations as well as innovative start-ups in the banking, financial services and digital economy sectors. Annerton currently has 28 lawyers, two tax advisors and other team members at its four offices in Berlin, Frankfurt am Main, Munich and Luxembourg.

Further information: