Compliance Updates

MFSA Approves MiFinity Malta as Financial Institution

Published

5 years ago

March 20, 2020

Niji Narayan

MFSA Approves MiFinity Malta as Financial Institution

Photo Source: mifinity.com

Reading Time: < 1 minute

Global payments provider MiFinity’s fully owned subsidiary Mifinity Malta Ltd has been approved by the Malta Financial Services Authority (MFSA) has as a financial institution.

This approval will support the existing Financial Conduct Authority (FCA) UK license, owned and operated by MiFinity UK Limited. MiFinity UK Limited is another fully owned subsidiary which is licensed as an authorised electronic money institution by the FCA.

Mifinity Malta Limited is one of a few companies within the last one year to have been granted an E-Money licence from the MFSA.

“MiFinity has achieved an incredible feat in being awarded an E-Money licence in Malta. We have been working on the application for over 24 months so that whatever route the UK chooses to take in its relationship with the EU, both we as a business and our customers from the EU are protected,” Kieron Nolan, CFO of MiFinity, said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.