Payments and e-commerce in Malta

Discover how the Maltese like to shop and pay online

Three quarters of Maltese use the Internet [1]. The average Maltese online shopper spends more than one-and-a-half thousand US dollars a year with e-commerce merchants [2]. The most popular online shopping categories on the island are fashion, electronics, home furnishings, personal care products and baby products [3].

Just under 100% of all Maltese have a bank account, 52% have a credit card and 88% have an Internet connection. This high level of financial and digital inclusion, as well as excellent sea and air connections, make doing business with Malta easy. That’s equally true for cross-border sellers and merchants setting up a local operation.

Malta

General Information

Population 0.4 m
Population 15 + 0.4m
Online Population 0.4 m
Area 316 km²
Currency EUR
GDP 14.5 bn $US
GDP per Capita 33,031 $US

Banked population

Malta 97%
Western & Central Europe 96%
World 67%

Credit card penetration

Malta 52%
Western & Central Europe 47%
World 19%

Internet penetration

Malta 88%
Western & Central Europe 92%
World 62%

Smartphone penetration

Malta 79%
Western & Central Europe 81%
World 70%

_{The information on our Insights pages has been compiled by us in cooperation with Datamatics and Wright & Brown. The data shown is partially owned by us and partially owned by GlobalData. © 2021 by PPRO Financial Ltd. No data and information can be used for any further publication without the explicit approval of PPRO.}

Malta

Local Payment Methods

BitPay

Type Cryptocurrency Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Hyperwallet

Type Bank transfer, Gift card, Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High PayPal

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Paysafecard

Type Prepaid voucher Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Paysafecash

Type Cash Regions Eastern Europe & the CIS, North America + 1 Paysera

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High SEPA Direct Debit

Type Bank transfer Regions Eastern Europe & the CIS, Western & Central Europe Market relevance High Skrill

Type Wallet Regions Asia Pacific, Eastern Europe & the CIS, Middle East & Africa + 3 Market relevance High Trustly

Type Bank transfer Regions Eastern Europe & the CIS, North America + 1 Market relevance High TrustPay