Malta is experiencing exciting developments across various sectors, showcasing its dynamic growth and cultural richness. Recently, Multitude Bank launched new digital banking services aimed at enhancing financial inclusion for Maltese residents, alongside the establishment of the innovative Tax-Xierfa museum, which celebrates the island's agricultural heritage. Educational initiatives are also thriving, as evident from the successful cultural event held at the Malta Chinese School, which provided children with insights about ancient China's Xi'an.
Multitude Bank has officially announced its new digital deposit services for customers based in Malta, aiming to deliver flexible and secure financial products. This launches their Savings Accounts and Fixed Term Deposits, both of which fall under the Maltese Depositor Compensation Scheme. Following its expansion across more than 16 European Economic Area (EEA) countries since 2012, the bank's new services are particularly geared to meet the diverse needs of the growing customer base.
According to Dario Azzopardi, Deputy CEO of Multitude Bank, "We are incredibly proud to expand our services to Malta, marking a significant milestone for Multitude Bank. Following our success in Sweden, we are excited to introduce a competitive deposit product for Maltese residents and we look forward to launching it in additional countries soon." The bank, which has committed to digital innovation from the beginning, allows customers to apply online effortlessly from the comfort of their homes.
The savings account features interest payments on a monthly basis, regardless of the deposit term, which Azzopardi claims is part of setting new standards for digital banking excellence. “With our deposit services, we are not just enhancing our local offerings but establishing new benchmarks for digital banking excellence in Malta and beyond,” he asserted.
Meanwhile, another noteworthy development is the opening of the Tax-Xierfa museum located near Rabat, which sheds light on the historical roots and struggles of agriculture on the islands. Established by farmer Carmel Busutill, the museum aims to educate younger generations about the challenging work inherent to farming. “I wish for today’s young people to be aware of the farmer’s hard work, and how much he suffers to reap the Maltese product to sell it,” said Busutill, reflecting on past experiences of selling produce alongside his family.
The museum features various historical exhibits, including farming tools, traditional methods, and household implements. An impressive collection showcases the evolution of agricultural practices, with displays ranging from historical waterwheels to grain pressing machines. “Among them we have the cellar, where we have wine and how to squeeze the grapes. We also have something fascinating: we also have a real grave,” mentioned James Mizzi, the museum administrator, highlighting the breadth of the exhibits which encapsulate different aspects of Maltese life.
Students at the Malta Chinese School recently engaged in a cultural experience focused on ancient Xi'an, one of China's most historically rich cities. The event, part of their language education, included insights on significant archaeological findings and cultural traditions. Wang Xiaozhou, from the China Cultural Center, led the session by presenting Xi'an's historical importance as home to the Terracotta Warriors and as the capital for multiple Chinese dynasties.
Six-year-old Matilda Metsola, who has been studying Chinese for over two years, enthusiastically participated. "I love Chinese and will keep learning it," she said, showcasing her passion for the language and culture. Matilda's mother, Liesbeth Oost Metsola, expressed pride for her daughter's persistence and noted the excitement among the whole family for cultural exploration. “Matilda is always happy to study Chinese and eager to master it,” she revealed.
Chen Juheng, head of the Malta Chinese School, emphasized the importance of merging language learning with cultural heritage, stating, "Chinese language education is inseparable from cultural heritage." Yuan Yuan, Director of the China Cultural Center, assured attendees of similar future events, aimed at fostering cultural connections between Maltese and Chinese civilizations.
These recent developments collectively paint Malta's picture as a vibrant hub for cultural growth, innovative banking solutions, and educational initiatives, highlighting the island's commitment to embracing its heritage and global connections.