Top payment methods in Malta: A guide on best ways to pay
Wondering what the most popular ways to pay are in Malta? Explore the top payment options and choose wisely.
Malta, with a population of around 563 thousand people, has a GDP of approximately 25.75 billion making it the 122nd largest economy in the world. The official currency of Malta is the Euro (EUR)
The economy is driven by tourism, online gaming, financial services, and manufacturing. As a member of the European Union and the Eurozone, it is highly integrated with the European market.
| Country | Malta |
|---|---|
| Population | 563 thousand |
| GDP (USD) | 25.75 billion |
| Global Ranking | 122nd |
| Currency | Euro (EUR) |
Spend abroad with the mid-market exchange rate - no markups, and no sneaky transaction fees.
What is the main payment method in Malta?
The most popular payment method in Malta for daily retail and online shopping is the debit or credit card. Physical cash in Euros remains common, especially for smaller purchases and in more traditional shops. For paying bills and for business-to-business transactions, SEPA (Single Euro Payments Area) bank transfers are the standard method.
How to pay in Malta
Each country has its own way of moving money, and choosing the right method can sometimes be difficult. That’s why we have curated the most popular and best payment options for you to use in Malta.
| Payment Method | Description | Type |
|---|---|---|
| Wise | Wise provides international money transfer services. It is known for offering transparent, low-cost currency exchange rates and fast transfers. Wise uses the mid-market exchange rate and charges a small, upfront fee, making it a cost-effective alternative to traditional banks for sending money abroad. The platform also offers multi-currency accounts, allowing users to hold and manage money in multiple currencies. | Online/In-person |
| Cards (Debit/Credit) | As a modern Eurozone economy, debit and credit cards are the primary and most widely accepted payment method for retail and online purchases. | Online/In-person |
| Cash (Euro) | Cash is a very common and popular payment method for daily expenses and is accepted everywhere. | In-person |
| SEPA Bank Transfers | Direct bank transfers via the SEPA system are a standard and secure way to make payments, especially for bills and larger transactions. | Online |
| Digital Wallets (Apple Pay, Google Pay) | Mobile payment solutions that link to users' cards are available and commonly used for convenient contactless payments. | Online/In-person |
Traveling beyond Malta? Explore payment methods by country.
Is PayPal available in Malta?
Yes, PayPal is accepted in Malta.
Cover all your international travel expenses with the Wise Multi-Currency Card
Whatever you need to buy during your trip, whether it’s a travel adapter, train ticket or an extra bottle of sunscreen, the Wise Multi-Currency Card has you covered.
You can spend like a local in 150+ countries, as this clever contactless card automatically converts currency at the mid-market exchange rate whenever you spend - for just a small conversion fee.
And for extra convenience, you can add your Wise Multi-Currency Card to your Google Wallet or Apple Wallet. Then you can travel even lighter and pay using just your phone, with no need to pack the physical card.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.