About PSPs (Payment Solution Providers)
Payment Service Provider (PSP) is a fintech non-banking institution, authorized to conduct processing of various payment methods without
issuing electronic money. PSP license is a great opportunity for entering the payment market and providing services to various online businesses and e-commerce.
Online market is constantly growing and setting up a PSP business is currently in high demand.
Setting up PSP provide you with the benefits of EU passporting,clear
regulation rules and big market of clients, ready to start processing payments with your PSP institution.
Where we offer PSPs:
Malta
Requirements
- Minimum capital EUR 125,000
- Minimum of 3 directors, at least one of them being a Maltese resident
- Minimum of 2 local operational staff members
- Minimum one MLRO and one Compliance Officer should be Maltese residents
- Directors, MLRO and Compliance Officer must be approved by the MFSA
- Office in Malta
- All qualifying shareholders, controllers and all persons who will effectively direct the business of the financial institution are suitable persons to ensure its prudent management.
