Key Data

• • Trading Name: SysPay
  • Legal Entity: Syspay Limited
  • Activities: international payments system
  • Location: Malta
  • Regulations: Regulated by the MFSA .

SysPay is the trading name and brand of Syspay Limited (www.syspay.info), an MFSA-regulated payment processor. In 2018, EMP Corp SA acquired the payment processor.

EMP CORP SA is the operator of the payment platform www.empcorp.com and has been registered in Luxembourg since November 2013 with the number B181670 with the business purpose of e-money processing. The company’s shares are held by G&F SA (B181619) and CRANBERRY SA (B185110), which are also registered in Luxembourg.  Find more information on EMP Corp here.

Offering

Syspay offers an all-in-one payment solution for the hospitality industry.
The system can accept electronic payments from all over the world, issue electronic money (prepaid cards, discount vouchers) and transfer money. Unlike other electronic payment systems, SysPay does not offer credit to reduce the system risk associated with such activities.

Conclusion

We have found SysPay to be a payment processor in some scams. Therefore, we classify this MFSA-regulated e-Money institution with Compliance Level Red.