Regulator
Licence number
C66961
Authorised since
02 Feb 2016
EEA passports
29
Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- Pan-EuropeanTier A
- Scope
- Multi-serviceTier B
- Tenure
- EstablishedTier A
Passports into 29 EEA jurisdictions.
Authorised for 7 payment-services activities.
Authorised 10 years ago.
About this institution
Verified active. System Pay Services (Malta) Limited holds a current licence issued by the Malta Financial Services Authority on 2 February 2016. The entity is authorised to provide cash deposit and withdrawal services on a payment account, execute payment transactions, issue electronic money, issue and acquire payment instruments, conduct money remittance, and safeguard customer funds. These are substantive activities spanning the full scope of regulated e-money institution operations.
The licence reaches 29 EEA host states through passporting rights. The register lists Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden as jurisdictions into which this authorisation extends.
As recorded in the Malta Financial Services Authority register, the entity's authorisation continues in active status. Licence reference C66961 confirms the scope and cross-border reach as at the last register cross-check.
Licence timeline
3 dated eventsDated events for System Pay Services (Malta) Limited, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Malta Financial Services Authority register
Automated daily verification of licence status and reference.
First verified and added to this directory
Licence granted by the Malta Financial Services Authority
Position in the Malta register
Malta EMIs
43
Active
43
Full / small licences
43 / 0
Licence age rank
12/43
System Pay Services (Malta) Limited is one of 43 e-money institutions on the Malta register, 43 of which are currently active. Its licence is the 12th oldest of the 43 dated Malta EMI authorisations, one of 3 granted in 2016.
Is your money safe with System Pay Services (Malta) Limited?
System Pay Services (Malta) Limited holds an e-money authorisation from Malta Financial Services Authority, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by a national deposit guarantee scheme, so there is no automatic compensation payout if the firm fails.
If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.
EEA passporting
29 jurisdictionsUnder the EU passporting regime, System Pay Services (Malta) Limited can provide services across the following EEA jurisdictions, in addition to its home authorisation in Malta.
Lithuania9
Iceland9
Liechtenstein9
Poland9
Germany9
France9
Croatia9
Austria9
Greece9
Czech Republic9
Romania9
Belgium9
Hungary9
Slovenia9
Luxembourg9
Netherlands9
Norway9
Estonia9
Denmark9
Finland9
Spain9
Portugal9
Ireland9
Latvia9
Sweden9
Italy9
Cyprus9
Slovakia9
Bulgaria9
Authorised activities (PSD2 / EMD2)
Payment-services activities System Pay Services (Malta) Limited is permitted to carry out under its licence, as recorded in the register.
- Cash withdrawal services on a payment accountPSD2_2
- Execution of payment transactions on a payment accountPSD2_3
- Money remittancePSD2_6
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Cash deposit services on a payment accountPSD2_1
- Safeguarding of customer fundsSAFEGUARDING
- Issuance of electronic moneyEMI_ISSUANCE
Frequently asked questions
- Is System Pay Services (Malta) Limited a licensed e-money institution?
- Yes. System Pay Services (Malta) Limited holds EMI authorisation from Malta Financial Services Authority in Malta, licence reference C66961. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates System Pay Services (Malta) Limited?
- System Pay Services (Malta) Limited is authorised and supervised by Malta Financial Services Authority in Malta. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
- What is System Pay Services (Malta) Limited's licence or FRN number?
- System Pay Services (Malta) Limited's licence reference number is C66961. Enter it on the EBA EUCLID register at euclid.eba.europa.eu to confirm the institution's identity and that its authorisation is in force.
- Is System Pay Services (Malta) Limited authorised in other EEA countries?
- Yes. System Pay Services (Malta) Limited is passported to 29 EEA jurisdictions, meaning it can provide e-money and payment services across those countries on its home authorisation.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Malta
Registered office
- Street
- Ruby Workspaces, Office 3 Pendergardens, Triq Sant Andrija,
- City
- San Giljan, STJ 9023
Ratings & reader notes
102 ratings · 0 written notes
- 5★73
- 4★18
- 3★10
- 2★0
- 1★1
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