The financial landscape in Malta is set for a dynamic transformation. In a landmark collaboration, the Central Bank of Malta (CBM) has partnered with the Financial Institutions Malta Association (FIMA) to establish the Financial Institutions Payments Committee (FIPC) - a key milestone towards fostering innovation and progress within the local payments ecosystem.
A Collaborative Platform for Financial Institutions
The newly formed FIPC will convene regularly with financial institutions to engage in meaningful dialogue around payment regulations and related challenges. This initiative directly responds to recommendations from the 2023 Mastercard report on Malta’s fintech sector, which highlighted the need for structured public-private collaboration to accelerate fintech advancement.
Through this partnership, Malta is taking a decisive step forward, filling critical gaps and empowering financial institutions to actively contribute to shaping the future of payments.
A Strong, Inclusive Committee
The FIPC’s structure promotes inclusivity and expertise. Membership includes representatives from FIMA, with the Central Bank of Malta chairing the committee, and the Malta Financial Services Authority (MFSA) participating as observers.
In addition, Dr. Stefan Berry, a non-voting FIMA Board Member and respected financial services professional, will serve as secretary to the committee, ensuring efficient coordination and sector-wide engagement.
Meeting Financial Institutions Where They Are
To maximise participation and accessibility, the FIPC will meet quarterly — alternating between in-person sessions at CBM and virtual formats. Scheduled dates for 2025 are as follows:
- 20th February 2025
- 15th May 2025
- 25th September 2025
- 4th December 2025
Both CBM and MFSA have shown steadfast support for this initiative, encouraging all financial institutions to join FIMA and play an active role in these important discussions.
Driving Innovation in the Evolving Payments Landscape
The payments sector is experiencing rapid evolution. With developments such as SEPA Instant Payments Regulations, the emergence of AI-driven solutions, and the anticipated rollout of PSD3 in 2026, now is the time for Malta’s financial community to unite and navigate these advancements collaboratively.
The FIPC offers an essential forum to address national-level discussions and regulatory preparedness, ensuring Malta remains a progressive and competitive fintech hub.
Join FIMA and Help Shape the Future
FIMA is proud to lead this initiative as part of its mission to unite, strengthen, and drive innovation within Malta’s financial services sector. We encourage all licensed financial institutions to become part of our growing community and contribute to shaping Malta’s fintech future.
