Papaya is an Electronic Money Institution (EMI) that was established in January 2012. It is based in Malta and is regulated by the Malta Financial Services Authority (MFSA), which is the sole regulator for financial services in Malta. Papaya recognizes the significance of payments in the gaming and betting industry. Their business model focuses on handling payments and collections, as well as enhancing efficiencies. With the Papaya E-Wallet, consumers can make instant payments and receive payments. Transactions made through the e-wallet are secure, confidential, and have no limitations.