E-Money Institutions

Overview
Services
News
Publications

e-Money Institutions are governed under Maltese law by the Financial Institutions Act (Chapter 376 of the Laws of Malta) and the e-Money Directive. Malta offers an efficient telecoms infrastructure which is able to withstand and support a wide range of eCommerce companies. This is coupled by more than 250 iGaming companies which are established in Malta and that require payment services.

Malta’s rapid development in this industry is also owing to the low operational costs as well as the fact that e-Money institutions can benefit from a reduced capital requirement when compared to credit institutions.

Apart from issuing electronic money, e-Money institutions may also engage in the following activities:

Provision of certain payment services
Grant of credit relating to certain payment services
Provision of operational services and closely-related ancillary services
Operation of payment systems
Related business activities

Related Practices

Highly Qualified Persons Programme
Qualifying Employment in Innovation and Creativity Programme
Company Formation
Corporate Assistance
I-Gaming

New EU Data Protection Regime

30/09/16

Investment Services Licence Categories

19/10/16

Data Protection by Design and by Default

01/11/16

The Proposed 5th Anti-Money Laundering Directive

11/11/16

The Role of the Data Protection Officer under the GDPR

15/11/16

Identity Malta Launches the Key Employee Initiative

22/11/16

New Residence Programme for Aviation Industry

16/01/17

Commission Issues New Proposal for Privacy Regulation

23/01/17

Amendment to Highly Qualified Persons Programme

30/01/17

Issue of the Skill Games Regulations

09/02/17

The Obligation to appoint a DPO under the GDPR

20/02/17

Is it Time to Coherently Regulate Blockchain?

03/04/17

GDPR – A Central Loop for Blockchain Deployment

02/08/17

Proposed Changes to Maltese Gaming Regulation

04/08/17

GTG Advocates Participates in Blockchain Malta Event

31/08/17

Dr Ian Gauci appointed to Malta’s Blockchain task force

20/09/17

GTG Advocates to Speak at Malta Innovation Summit

10/10/17

The Regulation of ICOs

30/10/17

GTG Advocates to Speak at EE Gaming Summit

20/11/17

MGA Issues New Service Provider Regime

21/11/17

MGA Issues Call of Interest on DLT & Cryptocurrencies

06/12/17

New Rules on Register of UBO’s

03/01/18

Issue of New Gaming Licence Fees

04/01/18

MFSA Consultation on PSD2 Implementation

01/02/18

Revised AML requirements for Gaming Licensees

06/02/18

Guidelines on the use of Cryptocurrencies in the iGaming sector

09/10/18

MFSA Issues Guidance Note on PEPs

10/10/18

MGA issues Alternative Dispute Resolution Directive

05/12/18

The Malta Gaming Authority signs MoU with the Swedish Gambling Authority

06/03/19

Loot Boxes – Gambling or not?

12/03/19

Recent Amendments to Maltese Tax Residence Programmes

26/08/19

MGA launches Phase 2 of its Sandbox Regulatory Framework

12/09/19

Amendments to Malta’s Gaming Fees Regulation affecting addition of new gaming verticals and conditions for Start-up undertakings

16/10/19

Guidelines on the impact of BREXIT pulished by the MGA

16/10/19

Will 2020 be the year of reckoning for social media regulation?

26/01/20

GTG Advocates ranked by Chambers & Partners in the European Ranking on Corporate/Commercial: Gaming & Licensing

13/03/20

COVID-19 Gaming related Updates

25/03/20

COVID-19: MGA issues Social Responsibility Warning

26/03/20

MGA extends deadline for the submission of audited financial statements

26/03/20

MGA Updates: Amendments to the VFA Sandbox Regulatory Framework

11/06/20

FIAU & MGA Update Implementing Procedures for online gaming

14/07/20

UKGC Propose further consumer protection measures on online slots

14/07/20

Maltese Public Companies make the shift to remote General Meetings

15/07/20

Online gambling & AI in Europe

29/04/21

Gaming 2021 – Malta CHAPTER, Lexology Getting the Deal Through

07/07/21

Are all EU judgements enforceable in Malta?

22/07/21

Related Publications

AI: a foundational technology for gambling

18/07/21

Qualifying Employment in Innovation and Creativity Programme

28/09/16

Highly Qualified Persons Programme

28/09/16

Global Residence Programme

28/09/16

At GTG we are able to offer assistance in the following areas:

Regulatory assistance in fulfilling the licensing requirements and obtaining an e-Money licence
Ongoing regulatory compliance and advice
Advice on the adherence to laws regulating the prevention of money laundering and of funding of terrorism

Our services are also complimented by our dedicated CSP arm, Afilexion Alliance Company Limited which is duly authorised by the Malta Financial Services Authority to act as a Company Service Provider and offers specialised guidance in corporate, regulatory & compliance matters.