Payment Service Provider – Fact Sheet


PSPs in Malta are licensed and regulated in terms of the Financial Institutions Act under the MFSA (Malta Financial Services Authority).

Permissible activities for PSP’s:

  • Services enabling cash to be placed on a payment account as well as all the operations required for operating a payment account;
  • Services enabling cash withdrawals from a payment account as well as all the operations required for operating a payment account;
  • Execution of payment transactions, including transfer of funds;
  • Execution of payment transactions where the funds are covered by a credit line for a payment service user;
  • Issuing and/or acquiring of payment instruments;
  • Money remittance;
  • Payment initiation services;
  • Account information services;

 

 

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