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MFSA Warning - Money+Card Payment Institution Ltd/ Epayzz - Unlicensed Entity

3 Sep 2021 13:43 | Anonymous

The Malta Financial Services Authority (“MFSA” or “the Authority”) has become aware of an entity operating under the name of Money+Card Payment Institution Ltd/ Epayzz (“the Institution”) which has an internet presence at https://epayzz.com/. From information available to the MFSA, the Institution claims to be a regulated Financial Institution licensed to undertake payment services under the 2nd Schedule to the Financial Institutions Act (Cap 367 of the Laws of Malta).

By way of background on the mentioned Institution, on 10 June 2019 the Authority requested the Institution to wind up its business, as well as to appoint a liquidator. Upon appointment of a liquidator, the Authority has on 9 August 2019 withdrawn the licence issued to the Institution in terms of Article 6(1) of the Act. Further information on the Authority’s regulatory action taken against the Institution can be found on the official website of the MFSA.

Further to the above, the MFSA wishes to remind the public that Money+Card Payment Institution Ltd/ Epayzz is NO LONGER licensed or otherwise authorised by the MFSA to provide any trading activities or other financial services which are required to be licensed or otherwise authorised under Maltese law. The public should therefore refrain from entering into any transactions or otherwise dealing with the above-mentioned company or individual on any matters falling within the parameters of the Financial Institution Act (Chapter 376 of the Laws of Malta).

The MFSA would like to remind consumers of financial services not to enter into any financial services transaction unless they have ascertained that the entity with whom the transaction is being made is authorised to provide such services by the MFSA or another reputable financial services regulator. Investors should also be extra cautious when being approached with offers of financial services via unconventional channels such as telephone calls or social media.

A list of entities licensed by the MFSA can be viewed on the official website of the MFSA.


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