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ARTICLE · 25 SEPTEMBER 2018

Fintech In Malta – Q&As

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What are the sources of payments law in your jurisdiction? In terms of Maltese law, payment services may be provided in and from Malta by:

MaltaTechnology
Andrew Zammit
Andrew Zammit
Kurt Hyzler
Kurt Hyzler
Josef Cardona
Josef Cardona
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PAYMENTS

What are the sources of payments law in your jurisdiction?

In terms of Maltese law, payment services may be provided in and from Malta by:

  • Credit institutions which are licensed by the Malta Financial Services Authority ("MFSA") in terms of the Banking Act, Chapter 371 of the Laws of Malta; and/or
  • Financial institutions which are licensed by the MFSA in terms of the Financial Institutions Act, Chapter 376 of the Laws of Malta.

In addition to these principal laws, there are several regulations and directives issued by the MFSA which regulate the provision of payment services in and from Malta. It is also relevant to note that in terms of article 34A(1) of the Central Bank of Malta Act (Chapter 204 of the Laws of Malta), the Central Bank of Malta is empowered to make directives in respect of, inter alia, the provision and use of payments services and of payment systems. In virtue of these powers the Central Bank of Malta has issued the following

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