CentralPay is an Electronic Money Institution authorized by the Banque de France through the French Prudential Supervision and Resolution Authority (CIB 17138).
E-money is issued and managed exclusively by ACPR-approved electronic money institutions such as CentralPay.
Each currency deposit is converted into an electronic countervalue, stored on a medium (prepaid card, e-wallet, etc.), itself backed by an e-money account.
This digital value enables transactions (goods and services) to be carried out within a closed network:
Financial services exclusively reserved for electronic money distributors
Enable the instant creation of anonymous accounts for restricted use, without the need to collect credentials. Ideal for C2C platforms (excluding special or financial activities) wishing to maximize conversion at entry.
Limited to €150 balance or cash-out over a rolling 30-day period
Automatic triggering of KYC procedure if thresholds are exceeded
Adapted to individual merchants (excluding legal entities)
In a network of affiliates, franchisees or independents, prepaid values (gift cards) cannot be considered as sales, in the form of customer credit. With an e-money account, you retain control of the flows, without having to manage them on a day-to-day basis:
Automatic clearing between points of sale
Real-time traceability of operations
Equalization of charges between sender and recipient
Simplify e-money management, without compromising on compliance and operational efficiency
Define a date of availability of funds to control access to the sums collected, and adjust the frequency of outpayments to limit exposure to disputes and fraud.
Every operation is tracked and secured. Our encryption and real-time supervision protocols guarantee a high level of security, while maintaining a seamless experience.
CentralPay has been approved as an Electronic Money Institution by the ACPR. This means you benefit from a framework that complies with security, traceability and flow integrity requirements.
Electronic money is defined above all as prepayment followed by storage of “traditional” money on another medium. In the true sense of the word, therefore, money is not created, but a dematerialized instrument of traditional money is issued to facilitate transactions in a digital economy.
Electronic money is not, in itself, a new type of currency, creating a third category after fiat and scriptural money. It's a new cashless payment instrument used to carry out a payment transaction.
Electronic money can be used in two main contexts:
Example: purchase a gift card, load a digital wallet that can be used in a marketplace or a network of retailers, etc.
Example: sale of a product or service on a C2C platform, payment of a refund or credit note, etc.
Electronic money is defined as ‘monetary value that is stored in electronic form, including magnetic form, representing a claim on the issuer, that is issued against the remittance of funds for the purposes of payment transactions as defined in Article L. 133-3 [of the CMF] and that is accepted by a natural or legal person other than the electronic money issuer’ (Article L. 315-1, I CMF).
Since the "Electronic Money Directive 1" of March 2000, electronic money has been a payment instrument resulting from the practice of dematerialized exchanges.
Initially little used, its use and scope were reinforced by the Electronic Money Directive 2 of September 16, 2009, then transposed into French law in January 2013.
As e-money is governed by the French Monetary and Financial Code, it can only be issued under the supervision of credit or e-money institutions approved by the ACPR ("Autorité de contrôle prudentiel et de résolution de la Banque de France").
CentralPay is an Electronic Money Institution authorized by the Banque de France through the French Prudential Supervision and Resolution Authority (CIB 17138).
