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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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.
- Consumer remittances and business payouts
- SEPA Instant and SWIFT
- Corridor and client FX pricing
- Transfer data for daily reconciliation
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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.
What the regulator asks about your IT
Each requirement, what the platform gives you for it and who owns it after launch.
Safeguarding reports and transfer-level exports that give this person a daily view of client funds.
YouLedger records per customer and per transfer, ready to reconcile with the safeguarding account.
Your finance teamDaily exports of receipts, payouts and balances, plus read access for internal audit.
Your finance team, on platform dataApproval roles in the back office assigned to named Irish staff, with each decision logged.
YouSender data captured at onboarding and attached to each transfer, with limits per corridor and exports for screening.
Your MLROTransfer data by type and status, exported for the returns your team files.
YouService description, subcontractors, recovery set-up and exit plan for your register of information and outsourcing policy.
You, with our input
Payment rails and providers
Rails your customers can use
SEPA 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.
9 Oct 2025
Payee name checks apply to Irish payment institutions that send euro credit transfers, both standard and instant.
10 Feb 2026
Head of Safeguarding became a pre-approval controlled function (PCF-56) for payment and e-money institutions.
9 Apr 2026
PIs and EMIs offering SEPA Instant had to file a new Central Bank return on their instant payment services.
9 Apr 2027
Irish payment institutions must be able to send and receive instant euro transfers.
10 Jul 2027
The EU Anti-Money Laundering Regulation applies to every sender you onboard.
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.
01
A platform you can demonstrate
A configured environment to show the regulator, not slides.
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.
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 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.
Read the licence guides
FAQ
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.
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.
No application fee. Once authorised you pay the Industry Funding Levy, with a minimum of EUR 5,300 for 2025/26.
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.
Yes. Non-euro corridors run over SWIFT through a connected provider, and you decide which countries to serve based on your AML risk assessment.
