PayFuture Group, a rapidly growing payment provider specialising in emerging markets, has secured an Electronic Money Institution (EMI) license by the Malta Financial Services Authority (MFSA) under the entity PayFuture FS MT Ltd. (PayFuture).
The license approval marks a major milestone in PayFuture Group’s growth strategy, enabling EU merchants to expand their global reach into emerging markets through alternative payment methods (APMs) and with future capabilities to support card payments.
PayFuture can offer instant, direct SEPA and SWIFT access, issue e-money, provide IBAN accounts along with a broader suite of localised payment solutions. These capabilities will help merchants streamline their international transactions, reduce friction in cross-border payments, and accelerate growth in new regions.
Manpreet Singh Haer, CEO of PayFuture Group, commented: “Securing the EMI license from the MFSA is a pivotal moment in our mission of supporting EU merchants in scaling their operations globally. Many of our merchants are targeting regions where traditional card brands have limited reach and local payment methods dominate. This license enables us to remove barriers to entry, simplify cross-border transactions, and expedite revenue in these fast-growing markets.
“Our mission remains clear: enable online businesses to scale effortlessly through innovative, reliable, and performance-driven local payment methods, making expansion into emerging markets simple, smooth and successful.”