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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.

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Case Studies

See what teams build with Crassula.

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.

1A 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
2Safeguarding 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
3Daily reconciliation and yearly compliance testing

Daily exports of receipts, payouts and balances, plus read access for internal audit.

Your finance team, on platform data
4Payment approvals on safeguarding accounts made in Ireland

Approval roles in the back office assigned to named Irish staff, with each decision logged.

You
5Payer 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
6Regulatory returns on SEPA Instant activity

Transfer data by type and status, exported for the returns your team files.

You
7DORA, 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 InstantSEPA Credit TransferSWIFTInternal transfers
24/7real-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

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.
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 and the PSD3 and PSR guide.

Guides

Read the licence guides

Explore all guidesLicensing, payments, cards and core banking, explained by our team.
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.
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.
Money Transfer

Explore your launch market

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.

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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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