We are currently not registering new individual accounts
Following the Financial Action Task Force’s decision to place Malta on the list of Jurisdictions under increased monitoring for strategic deficiencies in AML and CFT legislation in July 2021, we have faced several difficulties in operating our business, particularly in our relationships with credit institutions. It is for this reason that we have taken the decision to surrender our licence under the Financial Institutions Act and begin winding down our operations in Malta.
With reference to the Terms and Conditions available on https://paytah.com/terms-of-services/ we are hence hereby cordially issuing this notice of termination of service in accordance with Clause G (4) of the said terms and conditions. We will continue our services to existing accounts for two months from October 29.