MacroPay has secured a Financial Institution Licence from the Malta Financial Services Authority (MFSA), completing a regulatory process that has taken the Malta-based fintech more than two years.

The company provides an online payment gateway and open banking solutions for international merchants. The licence marks an important milestone in MacroPay’s development, providing a regulated framework from which it can expand its services and pursue its wider growth plans.

MacroPay said the approval will strengthen its ability to develop and deliver payment solutions for customers and partners, with ambitions to expand across Europe and other international markets.

Chief Executive Officer Stephen Reay described the licence as a major achievement for the company and the culmination of a significant effort by its team.

“This is a huge achievement for MacroPay and represents the culmination of an enormous amount of hard work, dedication and commitment from the entire team,” he said.

Mr Reay said the significance of the licence extended beyond the regulatory approval itself, reflecting the work undertaken by the company since its establishment and opening up new opportunities for its future growth.

“We have ambitious plans ahead, and I’m incredibly excited about what we can now achieve as we continue to grow, innovate and deliver exceptional payment solutions for our clients and partners across Europe and beyond,” he said.

The licensing process was also a key priority for MacroPay Director of Operations Jon Bunkell, who joined the company with securing the licence among his objectives.

Reflecting on the process, Mr Bunkell described the journey as challenging but ultimately rewarding.

“It has been challenging, demanding and an incredibly rewarding journey, and seeing it become a reality is something I’m immensely proud to have been part of,” he said.