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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France · Payment institution (établissement de paiement)
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.
- Money remittance and payouts
- SEPA, SEPA Instant and SWIFT
- Rates and fees per corridor
- Fund tracing per order
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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.
What the regulator asks about your IT
Each requirement, what the platform gives you for it and who owns it after launch.
A map of collection accounts, the safeguarding account, correspondent accounts and each step of a transfer.
You, with our inputFunds in transit per order and per customer, exportable for the match against the safeguarding account.
Your finance team, on platform dataIdentity and address data from onboarding attached to every outgoing transfer, with checks on incoming ones.
SharedLimits per destination country and customer type, questionnaires, and exports for your monitoring and screening tool. Reports to Tracfin stay with you.
Your AML officerService description, subcontractor list, audit and access rights and an exit plan for outsourcing and the DORA register.
You, with our inputTwo-factor authentication, roles, audit trail and incident process written up for the file.
Crassula drafts, you sign offBackups, recovery and tracking of open orders, so an interrupted transfer can be completed or refunded.
Shared
Payment rails and providers
Rails your customers can use
SEPA Credit TransferSEPA InstantSWIFTBatch payoutsInternal 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.
30 Dec 2024
The recast regulation on information accompanying transfers of funds applies: full payer and payee details on every transfer.
9 Oct 2025
Every euro area PI checks, on each credit transfer, that the payee's name matches the IBAN before the payer confirms.
9 Apr 2027
Euro area PIs that offer euro credit transfers must send and receive them instantly.
10 Jul 2027
The AMLR applies, with common due diligence rules for occasional transactions such as one-off transfers.
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.
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.
01
A platform you can demonstrate
A configured environment to show the regulator, not slides.
02
The technical part of your application, prepared
Payment security, fund flows, outsourcing, ICT risk under DORA and continuity sections of your ACPR file.
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.
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.
Read the licence guides
FAQ
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.
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.
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.
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.
Yes. Agents of payment service providers are registered with the ACPR before they start, and you stay responsible for their AML duties.
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.
