Multipass is a financial services provider offering global business accounts, multi-currency payments, and cross-border transaction solutions.
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Money Transfer
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Czech Republic · Payment institution (platební instituce)
Remittance and payout software for payment institutions licensed by the Czech National Bank
The CNB's own clearing system, CERTIS, now admits payment institutions as direct participants, so a Czech PI can settle koruna payments without a bank in the middle. Before that pays off, the transfer logic, the pricing and the sender data have to work every day. That part we run, whichever route your koruna takes.
- Koruna in, euro and other currencies out
- Price lists per corridor and client group
- Batch payouts with approval steps
- Funds in transit visible at each cut-off
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Transfer services a Czech PI can offer
Transfers abroad paid in koruna
Senders pay in CZK, choose a recipient in another country and confirm only after seeing the exchange rate, the fee and the amount the recipient will get.
Supplier and payroll payouts for firms
Czech importers and staffing agencies send many payments at once from a file or the API. A second user signs off the batch before anything leaves.
Margins that differ by corridor
Spreads and fees live in price lists per currency pair and client group, so CZK to EUR for business clients can carry another margin than CZK to UAH for individuals.
Payment accounts for repeat senders
Accounts used only to carry out transfers. The balance is presented as money waiting for payout, not as a wallet to spend from.
Traceable returns
Each transfer keeps a status history, so when a receiving bank rejects a payment your team can see where it stopped and send the money back to the right customer.
What this licence does not cover
- E-money wallets that customers top up and spend from. That needs an e-money institution licence or the small-scale e-money issuer route.
- Cross-border business as a small-scale payment service provider. That authorisation covers services in the Czech Republic only, with a monthly average of EUR 3 million in transactions.
- Credit from the money customers entrust to you for transfers.
What the regulator asks about your IT
Each requirement, what the platform gives you for it and who owns it after launch.
A precise list of the payment services the platform carries out, so the services in your application and your capital tier line up.
You, with your lawyersBack office access for the Prague team to approve senders, corridors and payout batches, with a log of each decision.
YouPer-transfer ledger entries that show which funds are still in transit after each cut-off, exported for your reconciliation.
Your finance teamSender identity and address taken at onboarding and attached to every outgoing payment, with incoming data kept per transfer.
SharedClient limits per corridor and client type, and transfer exports for the screening and monitoring tools you connect.
Your AML officerName and IBAN data handed to the verification of payee service you use, with the answer shown to the sender before confirmation.
You, with your rails providerService description, data locations, subcontractors and exit terms for your outsourcing file and register.
You, with our input
Payment rails and providers
Rails your customers can use
CZK payments through your bank or direct CERTIS accessSEPA InstantSEPA Credit TransferSWIFTInternal transfers
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.
18 Aug 2026
Version 15 of the CERTIS rules took effect. It lists payment and e-money institutions among the firms that can be direct participants.
9 Apr 2027
Czech payment institutions that offer euro credit transfers must be able to receive instant euro payments.
9 Jul 2027
Sending instant euro payments and a payee name check on euro transfers become mandatory for them as well.
10 Jul 2027
The EU Anti-Money Laundering Regulation applies, replacing parts of the Czech due diligence rules with one EU text.
Around 2028
PSD3 and the Payment Services Regulation are expected to apply. Expect the CNB to check existing authorisations against the new rules.
Applying to the Czech National Bank for a PI licence? Name us in your file.
The CNB charges CZK 50,000 to receive a payment institution application and must decide within three months of the start of proceedings. We bring a running transfer platform and write the technical sections of the file around it.
01
A platform you can demonstrate
A configured environment to show the regulator, not slides.
02
The technical part of your application, prepared
Payment flows, IT systems and security, ICT risk and DORA, outsourcing and continuity sections for your CNB file, ready for a Czech translation.
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 payout business in Brno
Imagine a team paying invoices for Czech e-commerce sellers who buy stock from suppliers in Poland, Germany and Asia. Sellers top up in koruna, the platform prices each payout at the corridor margin, and euro leaves over SEPA Instant while other currencies go over SWIFT through a connected provider.
The team starts with a bank collection account for koruna and models what direct CERTIS participation would change: no intraday credit, an account for payments only and separate safeguarding. They agree to revisit it once daily volumes make the operational work worthwhile.
Further reading: the Czech EMI and PI guide and how payment institution licences work.
Read the licence guides
FAQ
The administrative fee for receiving the application is CZK 50,000, and CZK 20,000 for a later request to extend the licence. Initial capital ranges from EUR 20,000 for money remittance only to EUR 125,000 for the wider set of services.
Yes. The CERTIS rules admit payment institutions as direct participants. The CNB has said these accounts are for payments only, cannot hold safeguarded client money and come without intraday credit, and applicants are tested before they are admitted. Connecting the platform to that route is a project we scope with you.
Keep them recorded apart from your own money. If they have not been paid out by the end of the business day after receipt, place them on a separate account at a bank, a central bank or a credit union, or invest them in low-risk liquid assets. Insurance or a comparable guarantee from a firm outside your group is the alternative.
It needs a CNB authorisation as well, with a CZK 10,000 fee, but it is limited to services in the Czech Republic and a monthly average of EUR 3 million over 12 months. A remittance business sending money abroad from day one should apply as a full payment institution.
In 2024 roughly one in three payments in CERTIS was an instant payment, according to the CNB. Those instant koruna payments fall outside the EU Instant Payments Regulation, which covers only euro, but customers still notice when a transfer takes until the next day.
Euro corridors run on SEPA and SEPA Instant. Other currencies travel over SWIFT through a connected provider. Your AML risk assessment decides which countries you serve, and limits can be set per corridor.
