--- title: "Money Transfer Software for Luxembourg Payment Institutions" description: "Payment platform for CSSF-authorised payment institutions: SEPA Instant, SWIFT, FX per corridor, batch payouts and technical file for your authorisation." url: "https://crassula.io/solutions/money-transfer/luxembourg-payment-institution/" lang: "en" image: "https://crassula.io/static/images/og/crassula-default.d7d01fb8a962.jpg" alternates: "en": "https://crassula.io/solutions/money-transfer/luxembourg-payment-institution/" "de": "https://crassula.io/de/solutions/money-transfer/luxembourg-payment-institution/" "es": "https://crassula.io/es/solutions/money-transfer/luxembourg-payment-institution/" "fr": "https://crassula.io/fr/solutions/money-transfer/luxembourg-payment-institution/" "x-default": "https://crassula.io/solutions/money-transfer/luxembourg-payment-institution/" index: "https://crassula.io/llms.txt" --- Luxembourg · Payment institution # Money transfer software for payment institutions in Luxembourg A Luxembourg payment institution often serves companies, funds and expatriates who move money across borders every week. Give them transfers, payouts and exchange in one platform, and give your finance team the reports it needs to account for money still in transit. [Request demo](https://crassula.io/request-demo/) [Money Transfer →](https://crassula.io/solutions/money-transfer/) Your market**Luxembourg**Payment institution - Transfers and payouts in euro and other currencies - SEPA Instant, SWIFT and batch files - Exchange margins set per corridor - Reports on every transfer and balance Rails your customers can use **SEPA Credit Transfer****SEPA Instant****SWIFT****Batch payouts****Internal transfers** What the regulator asks about your IT**6** 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 ## What a Luxembourg payment institution can run ### Cross-border transfers for individuals The sender sees the fee, the rate and the amount the recipient gets before confirming. Repeat transfers start from saved recipients. ### Payouts for companies Salaries, supplier runs or investor distributions uploaded as a batch file or built from templates, approved and then executed line by line. ### Accounts for clients who pay every month IBAN accounts that exist only to execute payments. The balance is neither a deposit nor e-money. ### Currency exchange tied to a transfer FX inside the transfer, with margins and fees from price lists your team changes without developers. ### Limits per client Client limits set in the back office cap what each customer can send. Transfer data goes to your monitoring tool for review. ### What this licence does not cover - Issuing e-money or stored-value balances, which only an EMI or a bank may do. - Accepting deposits or other repayable funds from the public. - Credit funded from customer money. Any credit must be linked to a payment service and paid for from your own funds. - Adding payment services after authorisation without asking first. A change in the type of services needs a new CSSF authorisation. 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 Safeguarding by the end of the next business day (Article 14 of the Law of 10 November 2009) Transfer and balance reports per customer, with timestamps, from which your team works out what must sit in the separate account or be covered by insurance. Your finance team, on platform data 2 Advance notice to the CSSF before outsourcing operational functions A description of our service, hosting, subcontractors, audit rights and exit plan to attach to your notification. You, with our input 3 Complete payer and payee data with each order Names, account numbers and addresses captured at onboarding and carried with each order. Shared 4 AML risk assessment of corridors and clients Client limits, onboarding questionnaires per client type and data exports to the monitoring and screening tools you choose. Your compliance officer 5 Participation conditions for designated payment systems (Article 57-2) Documentation of fund flows, ICT arrangements and how open orders would be completed or returned, for the description of safeguarding, governance and winding-up plan the law asks for. You, with our input 6 Instant credit transfers and payee name check SEPA Instant flows plus the name and IBAN data used for the check. You, with your bank or payments provider Luxembourg ## Payment rails and providers Rails your customers can use SEPA Credit Transfer SEPA Instant SWIFT Batch payouts 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 Luxembourg ## Dates to plan around Rules that change what you have to build, in the order they apply. 1. **30 Dec 2024** The recast Transfer of Funds Regulation applies, so every transfer carries complete payer and payee data. 2. **4 Apr 2025** A Luxembourg law implementing the Instant Payments Regulation set the conditions under which payment institutions may join designated payment systems. 3. **9 Oct 2025** Payment institutions in the euro area offer a payee name check on every credit transfer. 4. **9 Apr 2027** A payment institution offering euro credit transfers must send and receive them as instant payments. 5. **10 Jul 2027** The EU AML Regulation applies, with harmonised due diligence rules for payment institutions. 6. **Around 2028** PSD3 and the Payment Services Regulation are agreed but still await publication in the Official Journal. Payment institution ## Applying to the CSSF as a payment institution? Name us in your file. The law gives the CSSF three months from a complete file, with an outer limit of 12 months after which silence counts as refusal. A remittance or payout business shortens the questions by showing exactly how each order is checked, booked and protected. [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 Payment flows, security, outsourcing, ICT risk under DORA and continuity sections of your CSSF payment institution 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 ## How a payout business gets to launch A Luxembourg firm wants to pay commissions and distributions for fund distributors to recipients across Europe and beyond. Its application covers money remittance and payment execution, and in our environment it shows the CSSF how a batch is uploaded, approved, converted and released. Before going live it notifies the CSSF of the outsourced platform, sets the safeguarding account and agrees an insurance cover for peak days. Euro payouts leave over SEPA Instant, other currencies over SWIFT through a connected provider. Further reading: the [Luxembourg EMI and PI guide](https://crassula.io/guides/licenses/luxembourg-emi-pi/) and our [guide to payment institution licensing](https://crassula.io/guides/licenses/payment-institution/). Guides ## Read the licence guides ![Luxembourg EMI and PI License in 2026: The Complete CSSF Guide](https://crassula.io/static/images/guides/luxembourg-emi-pi/luxembourg-casemates-preview-960.ffe23f86a734.jpg) ### [Luxembourg EMI and PI License in 2026: The Complete CSSF Guide](https://crassula.io/guides/licenses/luxembourg-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/) Luxembourg · 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/) How much capital does a Luxembourg payment institution need? EUR 20,000 for money remittance only, EUR 50,000 for payment initiation and EUR 125,000 for the other payment services, such as running payment accounts or executing transfers. What are the CSSF fees for a payment institution? EUR 30,000 to examine a new application and EUR 8,000 to extend an authorisation to more services. The yearly fee is EUR 30,000 up to EUR 1 billion of payment volume and EUR 40,000 above, reduced to EUR 25,000 in the first three years. What if the CSSF does not decide in time? A decision must come within 12 months of the application at the latest. Without one, the request counts as refused, and you can take the case to the Tribunal administratif within one month. Can we protect funds with insurance instead of a separate account? Yes. The law accepts an insurance policy or comparable guarantee from an insurer or credit institution outside your group, for the amount you would otherwise segregate. Tell the CSSF before you switch methods. Can a payment institution join a payment system directly? Since the April 2025 amendment, a payment institution can take part in a designated payment system if it has described its safeguarding, governance and ICT arrangements and has a winding-up plan. The system operator still sets its own admission rules. Does the platform file suspicious transaction reports? No. It sends order and customer data to your monitoring tool. Analysing alerts and reporting to the Luxembourg FIU stays with your compliance officer. Luxembourg · Payment institution ## What a Luxembourg payment institution 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/)