Malta Payment Licenses – Why Not Become Your Own Payment Provider?
Posted: Thu Feb 20, 2025 3:19 am
The number of Payment Service licenses in Malta has grown significantly over the last few years, alongside the thriving i-Gaming and e-Commerce industries. Payment Service Providers “PSP” enjoy less stringent regulatory and supervisory requirements than other credit or financial Institutions.
Malta offers several advantages, including:
EU ‘passporting’ rights;
Ability to open a branch in other EU Member States;
Employment benefits for employees classified as highly qualified persons, who can finland mobile database take advantage of an attractive tax regime.
PSPs are regulated under the Financial Institutions Act and the European Payment Services Directive. The Malta Financial Services Authority “MFSA” is the regulatory authority, in Malta, for PSPs.
PSPs may engage in various activities including; payment transactions, for example the execution of direct debits, payment transactions through a payment card or similar device, and the execution of credit transfers, including standing orders.
Key Requirements
Key requirements are:
a minimum of 3 directors, at least one of them being a Maltese resident;
a minimum of 2 local operational staff members;
At minimum there must be a Money Laundering Reporting Officer “MLRO,” and Compliance Officer and these roles have to be undertaken by individuals based.
Malta offers several advantages, including:
EU ‘passporting’ rights;
Ability to open a branch in other EU Member States;
Employment benefits for employees classified as highly qualified persons, who can finland mobile database take advantage of an attractive tax regime.
PSPs are regulated under the Financial Institutions Act and the European Payment Services Directive. The Malta Financial Services Authority “MFSA” is the regulatory authority, in Malta, for PSPs.
PSPs may engage in various activities including; payment transactions, for example the execution of direct debits, payment transactions through a payment card or similar device, and the execution of credit transfers, including standing orders.
Key Requirements
Key requirements are:
a minimum of 3 directors, at least one of them being a Maltese resident;
a minimum of 2 local operational staff members;
At minimum there must be a Money Laundering Reporting Officer “MLRO,” and Compliance Officer and these roles have to be undertaken by individuals based.