Payconiq closed in Luxembourg on 30 September 2026 and the local banks now offer Wero. Customers are rethinking how they pay each other, which is a good moment to put your own e-money app in front of them, run from Luxembourg on a platform you configure.
Global business accounts, multi-currency payments and cross-border solutions, supported by Crassula APIs and BaaS connections.
Read case study: Multipass
Account details, SEPA payments, card issuing, KYC onboarding and multi-currency exchange in one financial product.
Read case study: LuxPaySign-up, identity check, IBAN and card in one mobile flow. The apps are localized to more than 15 languages, so French, German and English speakers can each use their own, with terms you supply.
Customers send and receive SEPA Instant transfers, with push notifications for every payment in or out.
Cards issued through the API of a pre-integrated issuer, with limits and settings per card. The issuing contract is between you and the issuer.
A separate onboarding questionnaire for companies, multi-currency accounts and batch supplier payments approved before release.
Price lists your team edits in the back office, applied automatically to each transaction.
Each requirement, what the platform gives you for it and who owns it after launch.
A back office dashboard for the people who run the institution in Luxembourg, with client limits and customer verification handled there.
YouBalance and transaction reports per customer, which your finance team compares with the safeguarded account.
Your finance team, on platform dataDiagrams and descriptions of how money and data move between the app, the ledger, banks and card issuer.
You, with our inputTwo-factor login and payment confirmation in the mobile and web apps.
CrassulaOnboarding questionnaires, identity checks through connected providers and client limits. Transaction monitoring stays in your own tool.
Your compliance officer, with a connected providerHosting, security, incident handling, subcontractors and exit plan described for your ICT framework and register of information.
You, with our inputRails your customers can use
Rules that change what you have to build, in the order they apply.
Luxembourg EMIs that offer euro credit transfers must let the payer check the payee's name against the IBAN.
Payconiq stopped in Luxembourg. BIL, BGL BNP Paribas, Raiffeisen, POST and Spuerkeess customers moved to Wero.
Old Payconiq QR codes on invoices and in shops can be scanned with Wero until the end of the year.
Euro area EMIs must be able to send and receive SEPA Instant payments.
PSD3 and the Payment Services Regulation, agreed but not yet published in the Official Journal, are expected to apply.
The CSSF usually starts with a meeting and asks for a business plan with fund and data flow diagrams and a list of your partners. The file then goes in electronically through its MFT system. We help you draw those flows from a platform that already runs them.
Talk to us about your applicationCrassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.
A configured environment to show the regulator, not slides.
IT systems, security, customer authentication, outsourcing and DORA sections of the CSSF EMI application form.
Banking, safeguarding and KYC providers from our network, matched to your licence.
A team in Luxembourg City plans an e-money account for people who live in one country and work in another. Before the first CSSF meeting they map how a top-up reaches the safeguarded account, how a card payment is booked and which providers touch the data, using our environment to check each step.
During the assessment they write the terms in French, German and English and test SEPA Instant transfers from end to end. Once authorised, they launch at home and passport the service to neighbouring EEA countries.
More detail: our Luxembourg EMI and PI guide and EMI licensing in the EU.
The questions teams ask us before a first call.
Not covered here?Bring your question to a demo with our team.Tell us your licence and country. We will map the rails, providers and documents you need.
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