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Money transfer software for payment institutions licensed in Malta

The MFSA expects a Maltese PI to fix any safeguarding reconciliation break on the same day and to have its safeguarding audited every year. That only works if every transfer is recorded cleanly from the moment money arrives to the moment it leaves.

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Case Studies

See what teams build with Crassula.

Money Transfer · Financial institution (payment services)

What a Maltese PI can run on the platform

Money remittance

Customers send money abroad from a web or mobile app, choose how the recipient is paid and see the exchange rate locked before they confirm.

Supplier and partner payouts

Business clients pay invoices in other currencies from an uploaded file or the API, with approval rules set per client.

Conversion at the time of sending

FX quoted from your price lists, with margins you set per currency pair and client segment.

Transfer templates

Saved recipients and payment templates for senders who pay the same people every month.

What this licence does not cover

  • Holding customer money as e-money balances. A PI keeps funds only to execute payment orders.
  • Paying interest on funds waiting to be transferred.
  • Placing safeguarded funds with another payment or e-money institution.
Your market

What the regulator asks about your IT

Each requirement, what the platform gives you for it and who owns it after launch.

1Safeguarding through a segregated account at an EU credit institution, secure liquid assets or insurance

Ledger balances per customer and per transfer, exported for reconciliation against your safeguarding account.

Your finance team
2Same-day resolution of reconciliation breaks

Transfer-level records and statuses so a difference can be traced to the payment that caused it.

Your finance team, on platform data
3Annual safeguarding audit

Read access and exports for your auditor covering receipts, payouts and balances over the period.

You and your auditor
4Transfer of Funds Regulation data on each payment

Sender details captured at onboarding and carried on each outgoing payment.

Shared
5AML risk controls on corridors

Client limits by corridor and client type, with transfer exports for your screening and monitoring tools.

Your MLRO
6Outsourcing and ICT rules in FIR/03, plus DORA

Service description, subcontractors, data locations, audit rights and exit plan for your outsourcing notification and register of information.

You, with our input
Malta

Payment rails and providers

Rails your customers can use

SEPA Credit TransferSEPA InstantSWIFTInternal transfers
24/7real-time processing, no batch window
60+payment and provider integrations connected
150+companies run on Crassula
15+languages the platform speaks
Malta

Dates to plan around

Rules that change what you have to build, in the order they apply.

  1. 9 Oct 2025

    Payment institutions in Malta that send euro credit transfers must give payers a payee name check before they authorise.

  2. 13 May 2026

    An MFSA circular set out how financial institutions can safeguard by investing in secure, liquid, low-risk assets.

  3. 9 Apr 2027

    Maltese PIs must be ready to send and receive SEPA Instant payments.

  4. 10 Jul 2027

    The EU Anti-Money Laundering Regulation applies, replacing national rules on customer due diligence.

  5. Around 2028

    PSD3 is expected to apply, with one regime for payment and e-money institutions.

Financial institution (payment services)

Applying to the MFSA for a payment services licence? Name us in your file.

Between in-principle approval and the licence, the MFSA gives you up to six months to meet the pre-licensing conditions, and a tested system is one of them. We help you have the platform ready and documented well before that window starts.

Talk to us about your application

Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.

  1. 01

    A platform you can demonstrate

    A configured environment to show the regulator, not slides.

  2. 02

    The technical part of your application, prepared

    Transfer flows, safeguarding data, IT security, outsourcing and ICT risk sections under FIR/03 and DORA for your MFSA file.

  3. 03

    Providers lined up

    Banking, safeguarding and KYC providers from our network, matched to your licence.

A business traveller checking a phone before a journey.
Money Transfer

A remittance service run from Valletta

Suppose a team wants to serve the many workers from outside the EU who live in Malta and send part of their salary home each month. Their MFSA application covers money remittance, and the demo shows the full path: sender onboarding, quote, payment in, conversion and payout.

Euro transfers to other EEA countries run on SEPA from the start. Corridors to Asia open over SWIFT through a connected provider after its due diligence. Each evening the finance team matches the day's receipts and payouts against the safeguarding account, and the yearly audit draws on the same records.

See also the Malta financial institution guide and our explainer on payment institution licences.

Guides

Read the licence guides

Explore all guidesLicensing, payments, cards and core banking, explained by our team.
Malta · Financial institution (payment services)

FAQ

The questions teams ask us before a first call.

Not covered here?Bring your question to a demo with our team.
Which rules govern a Maltese payment institution's operations?
The Financial Institutions Act and the MFSA's Financial Institutions Rules. FIR/01 covers the application, and FIR/03 sets out governance, outsourcing, safeguarding and ICT requirements.
Can we reach SEPA from Malta?
The Central Bank of Malta runs MTEUROPAY, which gives access to SEPA credit transfers and direct debits through STEP2 and is open to MFSA-licensed financial institutions. Many firms use a connected bank or provider instead. The platform works with the route you choose.
What happens if our safeguarding reconciliation does not match?
MFSA rules expect breaks to be fixed the same day. The platform records every transfer with its status, so your team can find the payment behind a difference quickly.
Is there a small payment institution regime in Malta?
We found no small PI waiver in the Financial Institutions Act, so check with your lawyers and plan for the full licence. Capital starts at EUR 20,000 if you offer money remittance only.
How long until we can send the first transfer?
The MFSA must decide within three months of a complete application, but the Statement of Intent comes first and pre-licensing conditions can take up to six months after approval in principle. The platform itself can be configured in as little as 10 business days.
Money Transfer

Explore your launch market

Malta · Financial institution (payment services)

What a Maltese PI can run on the platform

Tell us your licence and country. We will map the rails, providers and documents you need.

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Know what you payOne setup fee and a monthly plan with accounts and transactions included.See pricing → Start with the APIDocumented endpoints for accounts, payments, cards and customers.Explore the API →
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