--- title: "Money Transfer Software for Irish Payment Institutions" description: "Remittance and payout platform for a Central Bank of Ireland PI: SEPA Instant, SWIFT, FX pricing, batch payouts and safeguarding data your team controls." url: "https://crassula.io/solutions/money-transfer/ireland-payment-institution/" lang: "en" image: "https://crassula.io/static/images/og/crassula-default.d7d01fb8a962.jpg" alternates: "en": "https://crassula.io/solutions/money-transfer/ireland-payment-institution/" "de": "https://crassula.io/de/solutions/money-transfer/ireland-payment-institution/" "es": "https://crassula.io/es/solutions/money-transfer/ireland-payment-institution/" "fr": "https://crassula.io/fr/solutions/money-transfer/ireland-payment-institution/" "x-default": "https://crassula.io/solutions/money-transfer/ireland-payment-institution/" index: "https://crassula.io/llms.txt" --- Ireland · Payment institution # Money transfer platform for payment institutions authorised in Ireland Irish PIs now need a Head of Safeguarding approved by the Central Bank, and payments out of safeguarding accounts must be approved in Ireland. Run your corridors and payouts on a platform that gives that person a clear view of every euro in transit. [Request demo](https://crassula.io/request-demo/) [Money Transfer →](https://crassula.io/solutions/money-transfer/) Your market**Ireland**Payment institution - Consumer remittances and business payouts - SEPA Instant and SWIFT - Corridor and client FX pricing - Transfer data for daily reconciliation Rails your customers can use **SEPA Instant****SEPA Credit Transfer****SWIFT****Internal transfers** What the regulator asks about your IT**7** Case Studies ## See what teams build with Crassula. ![Paysend](https://crassula.io/static/images/solutions/cases/logo-paysend.1177d744fb9a.png) - SEPA Credit - SEPA Instant - SEPA Direct Debit Live on Crassula ### [SEPA connectivity for a global payments business.](https://crassula.io/cases/paysend/) A technical connector for SEPA Credit, SEPA Instant and SEPA Direct Debit, with back-office and ledger capabilities. [Read case study: Paysend](https://crassula.io/cases/paysend/) ![Multipass](https://crassula.io/static/images/solutions/cases/logo-multipass.7fb14a8eede7.png) - Multi-currency accounts - Cross-border payments - BaaS connections Live on Crassula ### [Custom financial products for global businesses.](https://crassula.io/cases/multipass/) Global business accounts, multi-currency payments and cross-border solutions, supported by Crassula APIs and BaaS connections. [Read case study: Multipass](https://crassula.io/cases/multipass/) Money Transfer · Payment institution ## Transfer products an Irish PI can run ### Remittances home Senders in Ireland pay family abroad from the app, with the fee, rate and payout amount shown up front and a receipt kept in their history. ### Payroll and contractor payouts Employers and platforms upload payout files that pass an approval step, then go out over SEPA Instant or SWIFT line by line. ### FX with margins you control Rates and spreads managed in price lists per currency pair and client group, changed without a release. ### Payment accounts for frequent senders IBAN accounts that hold funds only until the transfer is executed. ### What this licence does not cover - Issuing e-money or keeping long-term stored balances. That needs an EMI authorisation. - Interest on funds held for transfers. - Approving payments out of safeguarding accounts from outside the Irish entity. Your market ## What the regulator asks about your IT Each requirement, what the platform gives you for it and who owns it after launch. 1 A Head of Safeguarding (PCF-56) approved by the Central Bank Safeguarding reports and transfer-level exports that give this person a daily view of client funds. You 2 Safeguarding by segregation or insurance, under the Central Bank's safeguarding expectations Ledger records per customer and per transfer, ready to reconcile with the safeguarding account. Your finance team 3 Daily reconciliation and yearly compliance testing Daily exports of receipts, payouts and balances, plus read access for internal audit. Your finance team, on platform data 4 Payment approvals on safeguarding accounts made in Ireland Approval roles in the back office assigned to named Irish staff, with each decision logged. You 5 Payer and payee information and AML controls on corridors Sender data captured at onboarding and attached to each transfer, with limits per corridor and exports for screening. Your MLRO 6 Regulatory returns on SEPA Instant activity Transfer data by type and status, exported for the returns your team files. You 7 DORA, outsourcing and business continuity Service description, subcontractors, recovery set-up and exit plan for your register of information and outsourcing policy. You, with our input Ireland ## Payment rails and providers Rails your customers can use SEPA Instant SEPA Credit Transfer SWIFT Internal 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 Ireland ## Dates to plan around Rules that change what you have to build, in the order they apply. 1. **9 Oct 2025** Payee name checks apply to Irish payment institutions that send euro credit transfers, both standard and instant. 2. **10 Feb 2026** Head of Safeguarding became a pre-approval controlled function (PCF-56) for payment and e-money institutions. 3. **9 Apr 2026** PIs and EMIs offering SEPA Instant had to file a new Central Bank return on their instant payment services. 4. **9 Apr 2027** Irish payment institutions must be able to send and receive instant euro transfers. 5. **10 Jul 2027** The EU Anti-Money Laundering Regulation applies to every sender you onboard. Payment institution ## Applying to the Central Bank of Ireland as a payment institution? Name us in your file. Safeguarding gets close attention in Irish PI applications. We give you a live system that shows how client money is recorded and reconciled, and write the IT and outsourcing parts of the file with you. [Talk to us about your application](https://crassula.io/request-demo/) 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 Transfer flows, safeguarding records, ICT risk under DORA, outsourcing and continuity sections for your Central Bank 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.](https://crassula.io/static/images/features/people/global-1200.aed85c69e1b8.webp) Money Transfer ## A remittance firm in Dublin Think of a team serving the Brazilian and Indian communities in Dublin, who send money home and pay bills abroad. Their application covers money remittance and payment accounts, and the demo walks the Central Bank through quote, payment in, conversion and payout. After authorisation the Head of Safeguarding reviews each morning's reconciliation from platform exports, and all approvals on the safeguarding account stay with Irish staff. Euro transfers go out instantly, and the non-euro corridors run over SWIFT through a connected provider. Read more in the [Ireland EMI and PI guide](https://crassula.io/guides/licenses/ireland-emi-pi/) and the [PSD3 and PSR guide](https://crassula.io/guides/licenses/psd3-psr/). Guides ## Read the licence guides ![Ireland EMI and PI License in 2026: The Complete CBI Guide](https://crassula.io/static/images/guides/ireland-emi-pi/irish-round-tower-preview-960.2352a9d073fe.jpg) ### [Ireland EMI and PI License in 2026: The Complete CBI Guide](https://crassula.io/guides/licenses/ireland-emi-pi/) ![Payment Institution (PI) License in 2026: The Complete Guide](https://crassula.io/static/images/guides/payment-institution/payment-arrow-preview-960.a0fe81e25515.jpg) ### [Payment Institution (PI) License in 2026: The Complete Guide](https://crassula.io/guides/licenses/payment-institution/) ![How to Start a Money Transfer (Remittance) Business in 2026](https://crassula.io/static/images/guides/how-to-start-a-money-transfer-business/remittance-bridge-preview-960.a2d7c0f3ecff.jpg) ### [How to Start a Money Transfer (Remittance) Business in 2026](https://crassula.io/solutions/money-transfer/guides/how-to-start-a-money-transfer-business/) ![PSD3 and PSR in 2026: The Complete Transition Guide](https://crassula.io/static/images/guides/psd3-psr/psd3-prism-preview-960.fdc84015d1d8.jpg) ### [PSD3 and PSR in 2026: The Complete Transition Guide](https://crassula.io/guides/licenses/psd3-psr/) [**Explore all guides**Licensing, payments, cards and core banking, explained by our team.](https://crassula.io/guides/) Ireland · Payment institution ## FAQ The questions teams ask us before a first call. [**Not covered here?**Bring your question to a demo with our team.](https://crassula.io/request-demo/) What is the Head of Safeguarding role? Since 10 February 2026, PCF-56 is a pre-approval controlled function for Irish payment and e-money institutions. The person holding it needs Central Bank approval before taking up the role. How does the Central Bank expect safeguarding to be run? Through segregation or an insurance policy or guarantee, with daily reconciliation and annual compliance testing. Payment approvals on safeguarding accounts must sit in the Irish entity. The platform supplies the transfer data; your team owns the reconciliation. Is there a fee to apply? No application fee. Once authorised you pay the Industry Funding Levy, with a minimum of EUR 5,300 for 2025/26. What does the three-stage process look like? Exploratory, Assessment and Decision. In the first stage you send a Key Facts Document of around 15 to 20 pages at least five working days before the pre-application meeting. Can we send to countries outside the EEA? Yes. Non-euro corridors run over SWIFT through a connected provider, and you decide which countries to serve based on your AML risk assessment. Ireland · Payment institution ## Transfer products an Irish PI can run Tell us your licence and country. We will map the rails, providers and documents you need. [Request demo](https://crassula.io/request-demo/) [**Know what you pay**One setup fee and a monthly plan with accounts and transactions included.*See pricing →*](https://crassula.io/prices/) [**Start with the API**Documented endpoints for accounts, payments, cards and customers.*Explore the API →*](https://crassula.io/features/api/)