Payment System Approval
Buying and selling of goods revolve around the provision of sound payment systems. Well-designed payment infrastructure contributes to the proper functioning of markets and helps to eliminate frictions in trade. For this reason, well designed-payment systems that enable the reliable and safe transfer of funds are a necessity for today's economies.
The CBM is the authority responsible to oversee and regulate payment systems. Any person, whether in a legal or personal capacity, who is currently operating, or who intends to operate a payment system (as defined in the Central Bank of Malta Act) in Malta, under the Central Bank of Malta Act, requires approval and authorisation by the CBM. CBM Directive No. 13 provides the necessary details and guidelines.
Enquiries and applications for approval and authorisation are to be directed to the Manager, Regulation and Oversight Office either via our Contact Us Form or by mail.