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Money transfer software for payment institutions in France

In France the simplified PI authorisation is closed to money remittance, so a transfer service needs full ACPR authorisation. Come to the file with a platform that shows where every euro sits between sender and recipient.

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Case Studies

See what teams build with Crassula.

Money Transfer · Payment institution (établissement de paiement)

What an ACPR-authorised PI can run

Transfers to family abroad

The customer picks the country, sees the fee, the rate and the amount received, then confirms. Regular recipients stay saved for next time.

Payouts for businesses

Payment files to suppliers, sellers or temp workers, uploaded or sent by API, with two-person approval before release and tracking line by line.

Payment accounts for transfers

Accounts with IBANs for customers who send often. Funds stay there only as long as it takes to execute orders and never become e-money.

FX at the moment of sending

Margins and fees set per corridor and customer segment in price lists your team adjusts without development work.

Thresholds and a review queue

Limits per customer and per corridor. Above them, the order waits for review in the back office before the money leaves.

What this licence does not cover

  • Money remittance under simplified authorisation. The ACPR excludes it from that regime whatever the volume.
  • E-money or reloadable prepaid cards, which need an EMI authorisation.
  • Deposits or interest on balances.
  • Credit funded by customer money. A PI may only lend within the narrow scope allowed alongside its payment services.
Your market

What the regulator asks about your IT

Each requirement, what the platform gives you for it and who owns it after launch.

1Flow of funds diagram, including accounts in France and abroad

A map of collection accounts, the safeguarding account, correspondent accounts and each step of a transfer.

You, with our input
2Safeguarding received funds (Article L.522-17 of the Monetary and Financial Code)

Funds in transit per order and per customer, exportable for the match against the safeguarding account.

Your finance team, on platform data
3Payer and payee information

Identity and address data from onboarding attached to every outgoing transfer, with checks on incoming ones.

Shared
4AML/CFT risk classification per corridor

Limits per destination country and customer type, questionnaires, and exports for your monitoring and screening tool. Reports to Tracfin stay with you.

Your AML officer
5Essential outsourced providers, named from the project presentation onwards

Service description, subcontractor list, audit and access rights and an exit plan for outsourcing and the DORA register.

You, with our input
6Security of means of payment (Banque de France opinion)

Two-factor authentication, roles, audit trail and incident process written up for the file.

Crassula drafts, you sign off
7Continuity of transfers during an incident

Backups, recovery and tracking of open orders, so an interrupted transfer can be completed or refunded.

Shared
France

Payment rails and providers

Rails your customers can use

SEPA Credit TransferSEPA InstantSWIFTBatch payoutsInternal transfers
24/7real-time processing, no batch window
60+payment and provider integrations connected
150+companies run on Crassula
15+languages the platform speaks
France

Dates to plan around

Rules that change what you have to build, in the order they apply.

  1. 30 Dec 2024

    The recast regulation on information accompanying transfers of funds applies: full payer and payee details on every transfer.

  2. 9 Oct 2025

    Every euro area PI checks, on each credit transfer, that the payee's name matches the IBAN before the payer confirms.

  3. 9 Apr 2027

    Euro area PIs that offer euro credit transfers must send and receive them instantly.

  4. 10 Jul 2027

    The AMLR applies, with common due diligence rules for occasional transactions such as one-off transfers.

  5. To be confirmed

    PSD3 and the Payment Services Regulation await publication in the Official Journal. Their rules apply about 21 months after entry into force, with existing PIs' authorisations reviewed.

Payment institution (établissement de paiement)

Applying to the ACPR as a payment institution? Name us in your file.

From the first presentation meeting, the ACPR expects a flow of funds diagram and the names of the external providers you plan to use. We give you a platform that makes those flows concrete and write the technical annexes of the file with you.

Talk to us about your application

Crassula provides technology and documentation support. We do not provide legal or regulatory advice and cannot guarantee the outcome of an application.

  1. 01

    A platform you can demonstrate

    A configured environment to show the regulator, not slides.

  2. 02

    The technical part of your application, prepared

    Payment security, fund flows, outsourcing, ICT risk under DORA and continuity sections of your ACPR file.

  3. 03

    Providers lined up

    Banking, safeguarding and KYC providers from our network, matched to your licence.

A business traveller checking a phone before a journey.
Money Transfer

How a launch usually runs

A team in Marseille wants to launch a money transfer service to North and West Africa. Because money remittance rules out the simplified route, it goes straight for full PI authorisation. For the ACPR presentation we set up an environment that follows an order end to end and produces the flow of funds diagram, foreign accounts included.

During the review, the team sets limits per corridor and rehearses the safeguarding reconciliation on test data. After authorisation, euro transfers go out over SEPA Instant and other currencies over SWIFT through a connected provider. A network of partner shops later joins as agents, once registered with the ACPR.

Further reading: our ACPR licence guide and the overview of payment institutions in the EU.

Guides

Read the licence guides

Explore all guidesLicensing, payments, cards and core banking, explained by our team.
France · Payment institution (établissement de paiement)

FAQ

The questions teams ask us before a first call.

Not covered here?Bring your question to a demo with our team.
Can we run money remittance under simplified authorisation?
No. According to the ACPR, simplified PI authorisation requires average monthly volume under EUR 3 million and no money remittance. It also gives no EU passport.
How much capital does a French remittance PI need?
EUR 20,000 if you only do money remittance, EUR 125,000 once you hold payment accounts and execute transfers from them. Our ACPR guide lists the tiers.
How long does the review take?
The ACPR decides within three months of a complete file. Under its Fintech charter, it sends requests for clarification within three weeks of receiving an incomplete file. The real duration depends a lot on the quality of the first submission.
How do we safeguard customer funds?
Article L.522-17 of the Monetary and Financial Code allows two methods: a separate account at a credit institution, or insurance or a guarantee. The platform shows funds in transit per order, and your finance team owns the reconciliation.
Can we work with agents?
Yes. Agents of payment service providers are registered with the ACPR before they start, and you stay responsible for their AML duties.
Does the platform screen against sanctions lists?
No. It feeds transfer and customer data to the monitoring and screening tool you choose. Decisions and reports to Tracfin stay with your AML officer.
Money Transfer

Explore your launch market

France · Payment institution (établissement de paiement)

What an ACPR-authorised PI can run

Tell us your licence and country. We will map the rails, providers and documents you need.

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Know what you payOne setup fee and a monthly plan with accounts and transactions included.See pricing → Start with the APIDocumented endpoints for accounts, payments, cards and customers.Explore the API →
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