Official notice
SysPay Ltd has no connection with System Pay Services (Malta) Ltd (BVNK)
People searching for "System Pay Malta" or "System Pay Ltd" sometimes contact us believing they are reaching System Pay Services (Malta) Ltd. According to public records, System Pay Services (Malta) Ltd operates under the trading name BVNK. This page sets the record straight: SysPay Ltd and System Pay Services (Malta) Ltd / BVNK are two entirely separate companies, with no ownership, commercial, contractual or operational relationship. The similarity of the names is a coincidence.
SysPay Ltd
- Business
- Licensed European payment institution, online payment solutions for businesses since 2011
- Registration
- Malta, Malta Business Registry C51532
- Licence
- Licensed by the MFSA (Malta Financial Services Authority)
- Only official domain
- syspay.com
System Pay Services (Malta) Ltd
- Trading name
- BVNK (bvnk.com), according to public records
- Relationship with SysPay
- None: not a subsidiary, partner or service provider
- SysPay's access to its operations
- None: SysPay cannot view or act on its accounts or transactions
- Its official complaints channel
- Raising a complaint (Malta), on the BVNK website
How to verify you are dealing with the real SysPay
- Our communications come exclusively from the syspay.com domain (website and email addresses). Any other address or website, including bvnk.com, does not originate from SysPay.
- Our exact legal name is SysPay Ltd. Always check the full company name on your documents and payment orders: if they mention System Pay Services (Malta) Ltd or BVNK, they do not concern SysPay.
- Our licence can be verified on the MFSA public register (Malta Financial Services Authority).
- If in doubt, contact us through the official form on syspay.com before making any transaction.
Do you believe you have suffered a loss involving funds sent to System Pay Services (Malta) Ltd / BVNK?
As SysPay Ltd is not involved in those operations, we cannot trace or recover them. The right parties to receive your complaint or report are:
- BVNK itself, the trading name under which System Pay Services (Malta) Ltd operates: its official complaints procedure for Malta is published at help.bvnk.com. This is where a complaint about funds sent to that company should be addressed first.
- MFSA (Malta Financial Services Authority): complaints regarding an entity it supervises, via mfsa.mt.
- FIAU (Malta's Financial Intelligence Analysis Unit): fiaumalta.org.
- Your local police: file a report with your bank statements and payment orders.
- Your national fraud reporting service, for example Action Fraud in the UK (actionfraud.police.uk) or Pharos in France (internet-signalement.gouv.fr).
- If the amounts are significant, speak to a lawyer quickly: fund-freezing and recovery steps are far more effective when started early.
Keep all your evidence: bank statements, payment orders, email and messaging exchanges, dated screenshots.
Frequently asked questions
Is SysPay Ltd connected to System Pay Services (Malta) Ltd?
No. There is no ownership, commercial, contractual or operational relationship between the two companies.
Is System Pay Services (Malta) Ltd the same company as BVNK?
According to public records, System Pay Services (Malta) Ltd operates under the trading name BVNK. SysPay Ltd has no connection with either name: neither with the legal entity System Pay Services (Malta) Ltd, nor with the BVNK brand or the bvnk.com website.
I sent funds to System Pay Services (Malta) Ltd / BVNK. Can SysPay help me?
No: SysPay has no access to its accounts or transactions. The right contacts are listed above, starting with BVNK's own complaints procedure and the MFSA. We do, however, systematically forward to the authorities any reports we receive in error, so that no alert is lost.
Why does this page exist?
Because the similarity of the names creates genuine confusion for some people. We would rather publish a verifiable clarification than let that confusion take hold.
Last updated: 07/17/2026. This page is published by SysPay Ltd for public information and protection purposes.