Multipass is a financial services provider offering global business accounts, multi-currency payments, and cross-border transaction solutions.
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Digital Banking
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Ireland · EMI
Digital banking for e-money institutions authorised in Ireland
Since March 2026 Irish EMIs work under the revised Consumer Protection Code, and the Central Bank reads an application with the retail customer in mind. Put a branded app in front of that customer, backed by account and card logic your Dublin team controls.
- Branded consumer and business apps
- Fees and terms shown before customers commit
- SEPA Instant with payee name check
- Cards via the issuer you choose
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What an Irish EMI can launch for its customers
Personal e-money account
An account opened in the app with an IBAN, a card and real-time notifications for every payment in or out.
Clear pricing inside the app
Fee schedules loaded from your price lists and shown at the point of payment, so customers know the charge before they confirm.
Business accounts for Irish SMEs
Company onboarding, several users with separate permissions, batch payments with approvals and saved suppliers.
Direct debits for household bills
SEPA Direct Debit mandates customers can view and manage in the app.
Debit and prepaid cards
Virtual cards at sign-up, plastic later, with in-app limits, freezing and card top-ups from the account. The issuing agreement is between you and the issuer.
What this licence does not cover
- Deposits or interest. E-money is not covered by the Irish deposit guarantee scheme, and the app copy must say so plainly.
- Lending of any kind paid for with customer balances.
- Running the business from outside Ireland. The Central Bank expects the mind and management of the firm to sit in Ireland.
What the regulator asks about your IT
Each requirement, what the platform gives you for it and who owns it after launch.
Back office permissions for your Irish executives to approve customers, limits and payments, with an audit trail of who did what.
YouEditable app texts, fee disclosure before payment and customer notifications you control, so your compliance team can sign off every screen.
You, with your lawyersTwo-factor sign-in and payment confirmation in the web and mobile apps.
CrassulaQuestionnaires for consumers and companies and identity checks through connected providers, with files kept per customer.
Your MLROA customer ledger reconciled to the safeguarding account, with daily exports for your finance team.
Your finance teamArchitecture, hosting, incident handling and exit documentation for your ICT risk framework and register of information.
You, with our inputA short description of the platform, its hosting and its providers to include in your Key Facts Document.
You, with our input
Payment rails and providers
Rails your customers can use
SEPA Credit TransferSEPA InstantSEPA Direct DebitSWIFTCard payments
24/7
real-time processing, no batch window
60+
payment and provider integrations connected
150+
companies run on Crassula
15+
languages the platform speaks
Dates to plan around
Rules that change what you have to build, in the order they apply.
9 Oct 2025
Irish EMIs that send euro credit transfers had to start offering verification of payee on this date.
10 Mar 2026
Zippay, the mobile payment service of AIB, Bank of Ireland and PTSB, went live. Irish customers now expect instant person-to-person payments.
24 Mar 2026
The revised Consumer Protection Code took effect and applies to payment and e-money institutions.
9 Apr 2027
EMIs must be able to send and receive SEPA Instant payments in euro.
Around 2028
PSD3 is expected to apply. Irish EMIs will move into the single payment institution regime.
Preparing a Central Bank of Ireland EMI application? Name us in your file.
The Central Bank runs authorisation in three stages and asks for a Key Facts Document before the pre-application meeting. We help you describe the technology in that first document and show the working app when the assessment starts.
01
A platform you can demonstrate
A configured environment to show the regulator, not slides.
02
The technical part of your application, prepared
IT systems, customer authentication, operational resilience, DORA and outsourcing sections, in line with the Central Bank's guidance note on PI and EMI applications.
03
Providers lined up
Banking, safeguarding and KYC providers from our network, matched to your licence.
Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.
A Dublin consumer app, start to launch
Picture a team building an account for people who have just moved to Ireland for work and need an IBAN before their first payday. They send the Central Bank a Key Facts Document, meet for the pre-application meeting and then file, using the demo app to show onboarding, fee disclosure and complaint routes.
While the Central Bank assesses the file, the team reviews every app screen against the revised Consumer Protection Code and tests SEPA Instant with payee name checks. After authorisation they launch in Ireland first, then passport to other EEA countries where their customers come from.
Licence detail: the Ireland EMI and PI guide and EMI licensing in the EU.
Read the licence guides
FAQ
No. Authorised firms pay the annual Industry Funding Levy instead, with a minimum of EUR 5,300 for 2025/26 plus a variable part.
The law sets three months from a complete application. The Central Bank's own service standard is to finish 90% of assessments within 90 business days, and the Exploratory stage comes before that.
Yes. Since 24 March 2026 it covers payment and e-money institutions. App texts, fee screens and notifications are configurable, so your compliance team can align them with the Code.
Zippay is run by Nexi for AIB, Bank of Ireland and PTSB, and is offered to institutions that provide IBANs. Joining is a decision for you and the scheme. Inside your own app, SEPA Instant already gives customers payments in seconds.
Holders of pre-approval controlled functions (PCFs), such as executive directors and heads of key functions. The Central Bank does not approve one person covering three such roles.
Yes. A branded environment can be ready in as little as 10 business days, in time for the pre-application meeting.
