PayDo is a UK-based Electronic Money Institution that has been growing its reach in the European market over the last couple years.
Getting an EMI licence from the Malta Financial Services Authority (MFSA) marks a new milestone for the company and sets it up for a swifter European expansion.
The MFSA, Malta’s sole financial regulator, is known for their thorough approach and emphasis on transparency. Their EMI licence, issued under the Financial Institutions Act, authorizes PayDo to issue electronic money and provide payment services throughout the EU via passporting rights. This means that PayDo complies with key EU standards in anti-money laundering (AML), customer protection, and financial security.
For PayDo, the license increases trust and credibility among clients, partners, and financial institutions, and lays the groundwork for deeper relationships with European banks. More European fintechs and enterprise clients, especially those seeking a high-risk and high-growth friendly infrastructure, are also likely to be open to partnerships from now on.
PayDo provides:
Dedicated IBANs with 19+ currencies.
Cross-border and 3rd party payments to/from any country (150+ countries) via SWIFT, SEPA, SEPA Instant, Faster Payments, and other global payment schemes.
Merchant services with 350+ global & local payment methods: cards, wallets, bank transfers & more.
Issuance of unlimited free VISA virtual cards instantly and physical cards for operational expenses, online transactions, ATM withdrawals and more — with support for Apple Pay and Google Pay
All payment solutions are available within one dashboard and contract.
“Securing the MFSA licence is not just a regulatory achievement, it’s a strategic leap forward for PayDo,” Alexander Persidsky, Head of Operations at PayDo. “It enables us to serve our European clients with greater confidence, forge deeper banking partnerships, and deliver compliant, future-ready payment solutions.”
The company is now investing in its platform, customer support, and compliance teams to support its EU expansion and evolving client needs.