Comprehensive Legal Support for Payment and Electronic Money Providers

At GKF Legal, we support fintech operators and financial institutions under the Financial Institutions Act (Cap. 376) and the Banking Act (Cap. 371) of Malta. We assist Payment Service Providers (PSPs), Electronic Money Institutions (EMIs), Payment Initiation Service Providers (PISPs), and Account Information Service Providers (AISPs) in securing authorisation and managing ongoing regulatory compliance.

Our services include:

• Legal and regulatory structuring advice for PSPs, EMIs, PISPs, and AISPs
• Licensing and registration assistance in Malta
• Company incorporation and setup as part of licensing support
• Drafting business plans, internal policies, procedures, manuals, and operational documentation
• AML/CFT support including business and customer risk assessments
• KYC and regulatory compliance guidance
• Passporting to other EU Member States
• Advice on outsourcing compliance, risk, and internal audit functions
• Contract preparation for issuing, acquiring, co-branding, BIN sponsorship, etc.
• Design of e-wallets, and prepaid products
• Business model development to potentially avoid full licensing requirements
• Liaison with EU regulators such as MFSA
• Advise on complex fintech models such as mobile payments and marketplace platforms

Whether launching, licensing, or expanding cross-border, we provide tailored legal solutions backed by deep sector knowledge and regulatory insight.