European Payment Cards Yearbook

Malta - Summary

Market Overview

  
Market Structure

There is no interbank organization. Maltese banks have arranged authorization, clearing and settlement services directly with Visa and MasterCard.

The number of card payments increased by 28% in 2007 and by 23% in 2008. Cheque payments, though falling by 9% in 2008, remain more widely-used, but may prove to have peaked in 2007.

Malta joined the eurosystem on January 1 2008.
   
Major Issuers Bank of Valletta, HSBC Bank Malta.
   

Key Statistics 2008

  
Population 412,280
Cards Debit: 447,000
Credit: 158,000
Total: 605,000

 

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Purchase Profile

 

 

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