Papaya Ltd

Business Focus
e-wallets and payment cards

Papaya Ltd is an electronic money institution focused on e-wallets and payment cards. Papaya Ltd offers e-wallet accounts, prepaid cards to private clients, businesses, merchants. Incorporated in Malta, Papaya Ltd is authorized and regulated by the Malta Financial Services Authority.

Products
  • e-wallet accounts
  • prepaid cards
Clients
  • private clients
  • businesses
  • merchants
Card Providers
  • MasterCard

Papaya eWallet

Papaya eWallet allows to shop, send and receive money instantly

Currency
EUR
Payment Cards
physical
virtual
Customer Type
personal, business
Account Access
web application
mobile application
Load From
bank transfer, debit card, credit card, cash deposit

Papaya eWallet Features

Papaya eWallet is a solution for the unbanked and immigrants.
Papaya eWallet is a solution to manage online gaming, offering instant deposits, fund transfers to different online gaming websites.
Papaya is a secure and easy payment method for both online and offline shopping.

Papaya Prepaid Cards

Card Type
prepaid
physical, virtual
contactless
Currency
single currency
EUR
Card Provider
MasterCard
Card Type
Papaya cards are prepaid cards, rather than debit cards.

Debit vs Prepaid Cards. Debit cards do not have a separate balance and are connected to an account or e-wallet. Such cards are are loaded automatically when the account/e-wallet is being topped up. Prepaid cards have a separate balance from an account or e-wallet. These cards have to be loaded manually, usually from the account/e-wallet.

Papaya cards are issued as both physical (plastic) and virtual cards; plastic cards are delivered to the customer's address.
Currency
Papaya Prepaid Card is a single currency card, it can be issued in EUR only.
Customer Group
Papaya Card is currently available for clients residing in Malta, Italy, Spain and Greece.
Other countries will follow soon.
Card Loading
Papaya Card can be topped up from the cardholder's Papaya eWallet
Card Fees and Limits
PhysicalVirtual
Card Issuance Fee10.00 EURfree
Card Delivery Fee5.00 EURn/a
Monthly Fee1.00 EUR1.00 EUR
Transaction Fee (outgoing)0.25 EUR0.25 EUR
Currency Exchange Fee3.00 %3.00 %
ATM Withdrawal FeeDomestic: 2.00 EUR
International: 2.00 EUR
n/a
Maximum Single Load Limit3,000 EUR3,000 EUR
Maximum Daily Load Limit15,000 EUR15,000 EUR
Maximum Annual Load Limit50,000 EUR50,000 EUR
Maximum Balance Limit15,000 EUR15,000 EUR
ATM Withdrawal Limit1,000 EUR per dayn/a

Alternatives to Papaya Personal Payment Cards

See Also

Operations with Cryptocurrencies

No

Papaya do not conduct operations with cryptocurrencies.

See Also

Mobile Applications *)

Kiwi Calendar - Social Calendar App
 4.0, 12 Ratings
Papaya FM
 4.5, 19 Ratings
木瓜日历
 5.0, 7 Ratings
Solitaire Cash: Win Real Money
 4.5, 3,936 Ratings
Bubble Cash - Win Real Money
 4.5, 688 Ratings

*) Based on the information from Apple App Store.

Company Details

Country of Registration
Malta
Company Number
C 55146
BIC
PAPYMTMT
Authorized By
Malta Financial Services Authority
Authorization Granted
30 April 2012
Authorized Activities
  • placing cash to a payment account
  • withdrawing cash from a payment account
  • execution of payment transactions on a payment account (not covered by a credit line)
  • execution of payment transactions on a payment account (using a credit line)
  • issuing payment instruments or acquiring payment transactions

Papaya Ltd is authorized by the Malta Financial Services Authority for placing cash to a payment account, withdrawing cash from a payment account, execution of payment transactions on a payment account (not covered by a credit line), execution of payment transactions on a payment account (using a credit line), issuing payment instruments or acquiring payment transactions. The authorization was granted on 30 April 2012.

EEA Passport
Yes
Deposit Guarantee
No

Due to EEA passport rules Papaya Ltd, can conduct its activities in any of the 31 EEA member states. Papaya Ltd do not participate in deposit guarantee schemes.

Membership
SWIFT
SEPA

Papaya Ltd is a SWIFT member and a SEPA scheme participant.

MasterCard

Papaya Ltd is connected to MasterCard payment card scheme.

See Also

Contacts

Level 01 Tower Street, Suite 05, Tower Business Centre,, BKR 4013, Birkirkara, Malta
+356 20 155555
Website Languages
English
Italian
Spanish
Greek
Turkish
German
Norwegian
Swedish
French

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See Also