Papaya Ltd
Papaya Ltd is a European (EEA-based) fintech-infrastructure provider (IBAN sponsor, Card issuing software, BaaS). Verified at source - licence, regulator and registry reference. Active
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Who it's for
Papaya Ltd is built for products that need customer accounts and IBANs issued under the provider's licence. It holds its own e-money licence, so programmes can run under its umbrella with safeguarded client funds. Verified stand-outs: local IBANs in MT.
Sovereignty profile
- Data residency (EEA): Yes - hosted in the EEA - GDPR / CLOUD Act safe
- Company origin: EU core (Malta)
- Ownership / control: no change of control on record
- Card scheme: US scheme - Mastercard (the elephant in the room)
- Local IBANs: MT
- Client funds: safeguarded (segregated at a credit institution) - ring-fenced from creditors, not deposit-guaranteed
What Papaya Ltd does
Capabilities & rails
- Payment rails (documented): SCT · SCT Inst
- Account model: Dedicated
- Account currencies: EUR
Verified licence profile
Papaya Ltd (Malta) - Mastercard cards plus business and personal IBAN accounts; one of the first EU EMIs with direct SEPA access (SCT + SEPA Instant, Sep 2025), powering fintech apps (e.g. Blackcat). Maltese EMI (MFSA). Listed in the EPC register of SEPA participants; also acts as a correspondent institution giving other FIs regulated SEPA access.
Verified 2026-07-19. How we verify → · Official website: papaya.eu · Spotted something out of date? Report a correction.
Official register entries
- E-money institution (EMI) - Malta Financial Services Authority · Ref C55146 · Active (EBA PSD2 register, as of 2026-09-18)
Register-sourced. See the full European Fintech Index. Registers have no legal significance - always confirm current status with the home regulator.
Timeline
- 2025-09-10 [product] Direct SEPA access live for clients (SCT + SEPA Instant) - one of the first EU EMIs listed in the EPC register of SEPA participants; also correspondent access for other FIs.
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FAQ
Is Papaya Ltd European / EEA-based?
Yes. Papaya Ltd hosts data in the EEA (GDPR / CLOUD Act safe); origin EU core, Malta.
What does Papaya Ltd do?
Papaya Ltd covers: IBAN sponsor, Card issuing software, BaaS. Verified at source by Fintechnologica.
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