Our exponential growth story.​

Financial Growth

“Since the beginning of 2019 our financial results have rocketed, reflecting our new growth strategy, management team and cultural change.”​

Daniel Holden, CEO




Processed Volume




Net Revenue





*% growth from 2019-2020. Unaudited accounts.

Trust Payments (Malta)

One of the fastest growing payment companies on the island.

Company profile

Trust Payments (Malta) Ltd, one of the fastest growing payment companies on the island, is part of Trust Payments, an international group with roots in the UK and USA.

The company has been licensed by the Malta Financial Services Authority (MFSA) since 2012 and has been operating from Malta since 2014 under the name of Secure Trading Financial Services Ltd and trading as

In 2020 the company was rebranded as Trust Payments (Malta) Ltd, to be in line with our global group rebranding as Trust Payments.

The company is licensed and regulated by the MFSA and is Principal Member of both Visa and Mastercard.

Company Profile

Trust Payments is a global unified payments group for global pay-in, pay-out and customer journey technologies. We are backed by CORDET Capital Partners LLP (“CORDET”), an independent UK FCA-regulated Alternative Investment Fund Manager.

Our community benefits from our 20+ years of payments experience and unrivalled customer focus. Our trusted and robust technology solutions process £2.6+ bn in annualised volume for 13,000+ businesses across eCommerce, mobile and Point of Sale (POS) in 15 like-for-like settlement currencies. ​Partners, developers and merchants who work with us benefit from our 24 years of payments experience in Retail, Travel, Hospitality, Gaming, Education, Financial Services and Emerging Verticals.

Our mission is to help businesses to optimise their sales and customer experience through facilitating speedy and seamless payments, loyalty, and data management creating truly Converged Commerce. Our global technology platform connects to 50+ global banks to support multi-acquirer processing, as well as our own merchant acquiring solution in the EU, The group holds Principal Memberships with Visa and Mastercard, as well as money transmission and gaming vendor licences in the US.

Malta Credentials

Principal member of Visa and Mastercard

License passported across 30 countries in the EU/EEA region


Licensed by the Malta Financial Services Authority (MFSA)

Licenced by UK Financial Conduct Authority

Principal member of Visa and Mastercard

15 patents for payments

PCI DSS Level 1 certified

Certified vendor in key US states

Latest Documents

06 Aug 2020

Appointment of Sir Michael Derek Vaughan Rake

as a director on 29 July 2020

Open PDF [2 pages]

05 Aug 2020

Director’s details changed

for Ms Maria Olegovna Cilliers on 29 July 2020

Open PDF [2 pages]

30 Jun 2020

Full accounts

made up to 31 December 2019

Open PDF [70 pages]

Daniel Holden

Chief Executive Officer

Daniel has a spent the past ten years building high growth regulated financial institutions from the ground up. He successfully gained an MFSA license for and went on to achieve its full membership of both Visa and Mastercard that paved the way for its huge success. Daniel has created a scalable global fintech at Trust Payments, where he is focused driving exponential growth and building a lasting performance culture.

Jonathan O’Connor

Chief Commercial Officer

Jonathan is a passionate sales leader with a 20-year career dedicated to accelerating revenue growth at executive level for global payment leaders including Elavon and First Data (Fiserv). He is renowned for achieving 7 figures deals with brand name Enterprise clients as well as high-impact strategic partners. Since joining Trust Payments in 2018, Jonathan has been a focused and driven leader, living the ABC (Always Be Closing) ethos and pushing past boundaries to supersede sales quotas.

Ryan Cachia

Chief Financial Officer

Ryan brings a wealth of financial expertise from the banking and payments sectors to Trust Payments. His career achievements include setting up companies under MFSA (Malta) licenses and building them into principal members of both Visa and Mastercard. His increasingly senior industry roles include Fortis Bank, NBG Bank, Insignia Cards and PayMix. Ryan is now focused on re-structured the Finance organisation to support rapid growth and building Trust Payments into a £100m+ revenue generating payments platform.

Ian Hughes

Chief Technology Officer

Ian brings an invaluable perspective to his executive leadership role having started his IT career as a software developer. His career has encompassed blue chip technology brands including Siemens and British Aerospace. Ian has quickly delivered huge leaps in the tech capability at Trust Payments. His achievements including the migration of its platform which was achieved with zero downtime. Ian also designed and developed our payments gateway and re-engineering the development process for speed and security optimisation.

Tom Pilling

Chief Risk Officer

Tom’s career includes nearly 20 years in leadership roles shaping acquiring risk policies for leading players in the payments industry. With experience drawn from Paysafe, Payvision and over ten years at WorldPay, Tom puts much of his career success down to learning from Chief Risk Officers who are the among the best in the business. Tom is a firm believer in nurturing talent from within and, together with his team, is focused on optimising business performance through precision management of its policies and processes.

Rob Hawley

Chief Operating Officer

Rob’s career in payments began at WorldPay and progressed into setting up international acquiring business units for First Data/Fiserv. From negotiating and signing bank partner agreements in South Africa to setting up its acquiring platform, Rob implemented the entire infrastructure of the new business. He also established an acquiring joint venture with a major European bank from governance all the way through to its customer proposition. Rob’s hands-on expertise means he is well qualified to anticipate and exceed the expectations of Trust Payment merchants from SMEs to enterprise merchants.

Steve Grech

CEO Malta

Steve has spent 25+ years in the Maltese financial services and payments market, earning his expertise through various senior positions. He spent three years as CEO of Truevo Payments, leading the business from start-up to profitability. Steve was also involved in the setting up of the Association for Financial Institutions in Malta (FIMA) and acted as its Chairman for the first 2 years. Steve also held senior positions in the cards and payments areas of Banif Bank (Malta) and Bank of Valletta leading and managing functions such as card issuing and acquiring, electronic channels and Internet banking.

Malta Executive Leadership Committee

Steve Grech

Chief Executive Officer


Sharon Buhagiar Cauchi

Chief Compliance Officer

Ryan Cachia

Chief Financial Officer

John Pace

Chief Business Development Officer

Tom Pilling

Chief Risk Officer

Luke Borg Costanzi

Group Head of Service Delivery

Steve Ford

VP of EU Sales and AM of Crypto

Kurt Desira

Group Head of Data Analytics

Johann Cardona Schranz

Head of PMO

Sir Michael Rake

Non-executive Director

Sir Michael Rake has an esteemed career spanning payments industry, banking, technology and more including holding the position of chairman of Worldpay Group plc from 2015 to 2018.

See more

Sir Michael’s executive roles also include chairman of BT Group and a director of S&P Global. He served as president of the Confederation of British Industry (CBI) from 2013 until 2015. Rake was on the board of Barclays from 2008 to December 2015 and promoted to deputy chairman in 2012.

Sir Michael joined KPMG in 1974, working in Europe before transferring to the Middle East to run the practice. He transferred to London in 1989 and became a member of the UK board in 1991. Following a number of leadership roles in the UK, Sir Michael was elected UK Senior Partner in 1998. He was Chairman of KPMG in Europe and Senior Partner of KPMG in the United Kingdom, prior to his appointment as chairman of KPMG International in May 2002, in which capacity he served till September 2007.

In 2013 Sir Mike received the Channing Award for Corporate Citizenship, was voted the FTSE 100 non-executive director of the year and received the ICAEW outstanding achievement award.

Masha Cilliers

Non-executive Director

Masha Cilliers has built a successful career in the payments industry over the past 20 years. She has spent the past 12 years in the online and mobile sectors developing regional and cross-border payment business across channels and verticals. Masha began consulting in 2012 and has delivered projects for many merchants, payment companies, banks and investors.

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Previously, Masha played key strategic roles at DataCash, GlobalCollect and CyberSource. She covered business development, partnerships, innovation and new product strategy across global multinational markets. Previously to that Masha spent five years at Microsoft where she oversaw the development of electronic and mobile payments for the online sales platform in Europe. Masha’s foundation in the payments industry was established over ten years at Visa International where she worked on business development and product strategy in CEMEA region.

Jakob Lindquist

Non-executive Director

Jakob is a financial services industry specialist, serving as a trusted advisor to many of Europe’s largest banks, insurers and asset managers.

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Jakob has been an investment banker and corporate financier throughout his 31-year career. Working at Morgan Stanley between 1990 and 2012, he was a senior member of the Firm’s investment banking and capital markets EMEA management team.

As Co-Head of Morgan Stanley’s Global Financial Institutions Group EMEA, he led more than 100 EMEA professionals in corporate finance and capital markets – the Firm’s largest practice area by revenue and number of professionals.

At Morgan Stanley, Jakob was stationed in London and New York, and also spent extended periods in Asia. He has executed projects in more than 25 countries and has more than 200 announced career transactions to his name, of which more than $375bn in M&A and $125bn in Capital Markets.


Malta Board Members


Stephen Muscat

Chairman of the Board

Daniel Holden

Group Chief Executive Officer

Steve Grech

Malta Chief Executive Officer

Ryan Cachia

Chief Financial Officer

Chris Casapinta

Non-executive Director

Paul Darmanin

Non-executive Director

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