Electronic money, a regulatory challenge
Electronic money is exclusively issued and managed by Electronic Money Institutions authorized by the ACPR (French Prudential Control and Resolution Authority), such as CentralPay. Each foreign currency deposit is converted into an electronic equivalent, stored on a medium (prepaid card, gift card, e-wallet, etc.), which is itself linked to an electronic money account. This digital value enables transactions within a closed network.
What we offer you
An approved electronic currency infrastructure
Secure management of customer payments
Payments by bank card and SEPA transfer (instant or standard), with advanced security protocols.
Controlled conversion and storage
Creation of the equivalent value and making it available in an electronic money account, operated internally.
Reconciliation and complete traceability
Named IBAN, automated reconciliation, full traceability of ME flows: compliant with regulatory requirements.
Externalization of the ME layer
CentralPay holds the Electronic Money Institution (EMI) license. No approval is required on your part.
Architecture aligned with PSD2 and DME
Dedicated accounts, KYC identity verification protocols and AML/CFT: the platform complies with current regulations.
Simplified API integration
A documented banking API, an available sandbox and a dedicated team for your project for rapid deployment.
How does it work?
The technical management of electronic money flows is our responsibility.
At the entrance
Euro → Electronic Currency
Customer payment, by card or SEPA transfer
Conversion to Electronic Money, instantly
Transfer,to the desired electronic money account
Internal transfers
Electronic Money
Transfers within the network between electronic money accounts.
KYC not required for balances or receipts up to €150 over a rolling 30-day period.
At the exit
Electronic Currency → Euro
Verification of the recipient's identity (KYC)
Conversion to Euro, instantly
Transfer in Euros to the final beneficiary,by SEPA transfer
For whom?
For platforms that operate closed networks
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Consumer-to-consumer (C2C) sales platforms
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Online platforms with crowdfunding
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Retail groups and networks
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Fintechs and financial institutions
Why CentralPay?
An approved platform. Audited. Operational.
CentralPay is a Payment Institution, authorized by the ACPR (Bank of France) since 2019.
The infrastructure is historically designed for managing third-party transactions. It is developed and maintained in-house, organized as robust and scalable microservices (API-first).
Continuous monitoring of AML/CFT transactions
24/7 availability
ISO 270001 certified
FAQs
Questions about electronic money accounts?
Electronic money primarily addresses two use cases:
- To allow customers to load funds via a traditional payment method and then freely use these funds later within the merchant network (examples: purchasing a gift card, loading a digital wallet usable in a marketplace or a network of merchants, etc.)
- To facilitate small refunds to customers for the sale of a product or service, or for receiving compensation (examples: selling a product or service on a C2C platform, processing a refund or credit note, etc.)