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Money transfer software for payment institutions in Spain

Every day, transfers leave Spain for Latin America, the Maghreb and the rest of Europe. Run corridors, exchange rates and payouts on a platform that knows at any moment which customer funds are still with you and which have reached the recipient.

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Case Studies

See what teams build with Crassula.

Money Transfer · Payment institution (entidad de pago)

What a Spanish payment institution can run

Remittances for consumers

The customer picks a country and recipient, sees the fee, the rate and what the family will receive, and confirms. Regular transfers run from saved templates.

Batch payouts for businesses

Seasonal worker wages, marketplace seller settlements or supplier payments, by file or API, with approval first and booking line by line.

Payment accounts for regular senders

Accounts with IBANs for customers who send every month. The balance exists only to execute payment transactions and is not e-money.

FX inside the order

Margins and fees per corridor and customer type in price lists your team changes without code.

Review of out-of-threshold orders

Limits per corridor, country and customer. Anything above them is held in the back office until your team reviews it.

What this licence does not cover

  • Issuing e-money or prepaid balances, which needs authorisation as an e-money institution.
  • Taking deposits or paying interest on balances.
  • Lending customer funds. A payment institution may only lend within the limited scope tied to its payment services.
  • Using the EU passport under the Article 14 exemption of Royal Decree-law 19/2018. Corridors that start in other EEA countries need full 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.

1Protection of funds (Article 21 of Royal Decree-law 19/2018)

Funds in transit per order and per customer, timestamped on receipt, to show that what is still with you at the end of the next business day sits in the separate account.

Your finance team, on platform data
2Payer and payee data on every transfer

Name, ID document, account and address from onboarding attached to each transfer, with checks on incoming data.

Shared
3Money laundering risk analysis per corridor (Law 10/2010)

Limits per destination country and customer type, onboarding questionnaires and exports for your monitoring and sanctions screening tool.

Your internal control body
4Agents entered in the Banco de España register

Back office users per agent, with restricted permissions and an audit trail of every order they enter.

You
5Outsourcing and ICT risk under DORA

Service description, subcontractors, audit and access rights and an exit plan for your outsourcing policy and register of information.

You, with our input
6Continuity of payment operations

Recovery, backups and an incident process to find a stuck remittance and complete or return it.

Shared
7Instant transfers and Verification of Payee

SEPA Instant flows and the name and IBAN data the check uses.

You, with your payments provider
Spain

Payment rails and providers

Rails your customers can use

SEPA Credit TransferSEPA InstantSWIFTBatch payoutsInternal transfers
24/7real-time processing, no batch window
60+payment and provider integrations connected
150+companies run on Crassula
15+languages the platform speaks
Spain

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: every remittance carries full payer and payee data.

  2. 9 Oct 2025

    Euro area payment institutions offer the payer, on every credit transfer, a check of the payee's name against the IBAN.

  3. 9 Apr 2027

    If you offer euro credit transfers, your PI must send and receive them as instant payments.

  4. 10 Jul 2027

    The AMLR applies, with new due diligence rules that also cover occasional transactions.

  5. Pending

    PSD3 and the Payment Services Regulation, already agreed, await publication in the Official Journal. They apply about 21 months after entry into force, and existing PIs will need to show the Banco de España they comply.

Payment institution (entidad de pago)

Applying to the Banco de España as a payment institution? Name us in your file.

The Banco de España has three months to decide, and without a notified decision the application counts as refused. For a remittance firm the central question is how each transfer is controlled and protected, which a running platform and a clear technical file answer best.

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

    Security, payment flows, outsourcing, ICT risk under DORA and continuity sections of your Banco de España 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

How a launch usually runs

A team in Madrid wants to offer transfers to Colombia, Ecuador and Morocco from an app and a network of call shops. It applies to the Banco de España for payment institution authorisation covering money remittance, and in our environment shows how an order is entered, checked against corridor limits, converted and paid out.

After authorisation and entry in the special register, euro transfers go out over SEPA Instant and other currencies over SWIFT through a connected provider. The call shops are entered as agents in the Banco de España register before they start, and each has its own back office user.

Further reading: our Spain 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.
Spain · Payment institution (entidad de pago)

FAQ

The questions teams ask us before a first call.

Not covered here?Bring your question to a demo with our team.
How much capital does a remittance PI need in Spain?
EUR 20,000 for money remittance alone. If you also hold payment accounts and execute transfers from them, the minimum rises to EUR 125,000. Our Spain guide lists the tiers.
How long does authorisation take?
Royal Decree-law 19/2018 gives the Banco de España three months to decide, after a report from SEPBLAC. Without an express decision in time the application counts as refused, so it has to arrive complete.
How are customer funds protected?
Funds are never mixed with the firm's own money, and if they are still with you at the end of the next business day they go into a separate account at a credit institution or into safe, liquid assets. In an insolvency, customers have a right to separate those accounts from the estate.
Can we work with agents and call shops?
Yes. Agents must appear in the Banco de España special register before they operate, and your firm is responsible for them. The platform gives them users with restricted permissions.
Is there a lighter regime to start with?
Article 14 of Royal Decree-law 19/2018 provides an exemption with registration for low volumes, without an EU passport. It suits a small domestic service. Remittances from other EEA countries need full authorisation.
Does the platform report suspicious transactions to SEPBLAC?
No. It feeds transfer and customer data to your monitoring tool. The special review and the report to SEPBLAC are your firm's responsibility.
Money Transfer

Explore your launch market

Spain · Payment institution (entidad de pago)

What a Spanish payment institution 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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