Accelerate
with e-money
CentralPay opens e-money accounts and facilitates the exchange of valuables, in full compliance with regulations
Streamline
exchange of valuableSecure
your users’ flowsMaster
current regulationsE-money,
legally insured
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:
An e-money account,
several business uses
Financial services exclusively reserved for electronic money distributors
C2C and C2B platforms
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)
Retailer networks
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
Your risk management
fully under control
Simplify e-money management, without compromising on compliance and operational efficiency
Limit financial risk
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.
Highly secure
Every operation is tracked and secured. Our encryption and real-time supervision protocols guarantee a high level of security, while maintaining a seamless experience.
Regulatory compliance
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.
Our e-money services
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:
- To enable its customers to load funds via a conventional payment method, and then to use them freely at a later date in its acceptors' network.
Example: purchase a gift card, load a digital wallet that can be used in a marketplace or a network of retailers, etc.
- Facilitate the payment of small amounts to customers for the sale of a product or service or for the receipt of compensation.
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").
What is electronic money?
Electronic money is defined above all as prepayment followed by storage of “traditional” money on another medium. In the strict sense of the word, therefore, money is not created but a dematerialised instrument of traditional money is issued to facilitate transactions in a digital economy.
Electronic money is not, in itself, a new type of money that would create a third category after fiat and scriptural money. It’s a new cashless payment instrument used to carry out a payment transaction.
When can electronic money be issued and used?
Electronic money can be used in two main contexts:
- To enable its customers to load funds via a conventional payment method, and then to use them freely at a later date in its acceptors’ network.
Example: purchase a gift card, load a digital wallet that can be used in a marketplace or a network of retailers, etc.
- Facilitate the payment of small amounts to customers for the sale of a product or service or for the receipt of compensation.
Example: sale of a product or service on a C2C platform, payment of a refund or credit note, etc.
What is the regulatory definition of electronic money?
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”).