Permissible Activities for PSPs

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PSPs providing the execution of payment transactions, including transfers of funds on a payment account and execution of:

Direct debits, including one-offs;
Payment transactions through a payment card or a similar device;
Credit transfers, including standing orders;
are subject to a minimum share capital requirement of €125,000.



PSPs are allowed to undertake the following services:

Services enabling cash to be placed or withdrawn from a payment account and finland mobile database the associated activities to operate such an account;
Execution of payment transactions, including transfer of funds on a payment account with the user’s or another PSP;
Execution of payment transactions, where the funds are covered by the credit line of a payment service user;
Issuing and/or acquiring payment instruments.
Passporting Rights

The activities of a licenced PSP may be passported into other EU member states and EEA jurisdiction, in accordance with a prescribed notification procedure. This enables the Maltese PSP to provide its services within another Member State either: