Cashlogy’s Decade in Malta: Kintech Celebrates 10 Years of Revolutionizing Payments

Imagine this: it’s 2012, and you’re walking down Republic Street in Valletta, the sun is beating down, and you’re carrying a wad of cash to pay your bills. Fast forward to 2022, and you’re tapping away on your phone, coffee in hand, paying your utilities with just a few clicks. This isn’t a dream; it’s the reality of Malta’s cashless revolution, and Kintech’s Cashlogy is at the heart of it.

From Cash to Code: Kintech’s Journey

In the bustling town of Birkirkara, Kintech was founded in 2012, a startup with a big vision: to make paying bills as easy as sending a text message. The founders, led by CEO Mario Vella, saw the potential in Malta’s tech-savvy population and the need for a simpler, more efficient way to pay. They started with an SMS-based system, but they didn’t stop there.

Cashlogy evolved, growing with Malta’s digital scene. In 2015, they introduced the Cashlogy app, allowing users to pay bills, top up mobile credit, and even settle utility bills with just a few taps. Today, Cashlogy is a household name, processing millions in transactions annually, and boasting a user base of over 100,000 Maltese.

Cashlogy’s Impact on Malta’s Cashless Society

Malta’s cashless journey has been nothing short of remarkable. According to the Central Bank of Malta, cash transactions have decreased significantly since 2012, while card and digital payments have skyrocketed. Cashlogy has played a significant role in this shift.

For instance, consider the humble utility bill. In 2012, paying these bills meant queuing at a bank or post office. Today, thanks to Cashlogy, you can settle your Enemalta, ARMS, or Melita bills from the comfort of your home, at any time of the day or night.

Cashlogy has extended its reach beyond Malta’s shores. Today, it serves customers in Italy, Spain, and the UK, processing international payments with ease. This expansion is a testament to the platform’s user-friendly design and strong security features.

: Kintech’s Next Chapter

As Kintech marks its 10th anniversary, it’s not resting on its laurels. The company is continually innovating, with plans to introduce new features and expand its services. CEO Mario Vella shares, “We’re excited about the next decade. We’ll continue to make paying bills easier, and we’re exploring new areas like open banking and financial education.”

So, here’s to the next ten years of Cashlogy. Here’s to the end of cash-filled envelopes and long queues. Here’s to the future of paying bills in Malta: simple, secure, and seamless.