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Licensed EMIsSee verified EMIs

Pecan Expense

Ireland

Legal name: EML Money DAC

3.9(37 ratings)ActiveEMI
View on register

Regulator

Central Bank of Ireland

Licence number

C95957

Authorised since

11 Jul 2018

EEA passports

21

Profile rates

Data-derived · A is broadest

Three named tiers comparing this institution against the rest of the European register.

Reach
Multi-marketTier B

Passports into 21 EEA jurisdictions.

Scope
Multi-serviceTier B

Authorised for 6 payment-services activities.

Tenure
MatureTier B

Authorised 8 years ago.

About this institution

Verified active. EML Money DAC, trading as Pecan Expense, holds a licence granted on 11 July 2018 by the Central Bank of Ireland. The licence authorises the issuing of payment instruments, acquisition of payment transactions, cash withdrawal, cash deposit, and execution of payment transactions on a payment account, alongside issuance of electronic money and safeguarding of customer funds.

Passporting covers 21 EEA host states: Austria, Belgium, Croatia, Cyprus, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Lithuania, Luxembourg, Netherlands, Norway, Poland, Portugal, Romania, Spain, Sweden.

Data note: the licence was granted on 11 July 2018; the Central Bank record shows the entity's authorisation continues as of the latest register cross-check. The Central Bank of Ireland register lists licence reference C95957, active status as at the last cross-check.

Licence timeline

3 dated events

Dated events for Pecan Expense, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.

  1. Cross-checked against the Central Bank of Ireland register

    Automated daily verification of licence status and reference.

  2. First verified and added to this directory

  3. Licence granted by the Central Bank of Ireland

Position in the Ireland register

Ireland EMIs

30

Active

30

Full / small licences

30 / 0

Licence age rank

2/30

Pecan Expense is one of 30 e-money institutions on the Ireland register, 30 of which are currently active. Its licence is the 2nd oldest of the 30 dated Ireland EMI authorisations, one of 2 granted in 2018.

Is your money safe with Pecan Expense?

Pecan Expense holds an e-money authorisation from Central Bank of Ireland, which means client money must be safeguarded: held separately from the firm's own funds at a credit institution, or covered by an equivalent insurance policy. E-money is not a bank deposit - it is not covered by a national deposit guarantee scheme, so there is no automatic compensation payout if the firm fails.

If an authorised EMI becomes insolvent, safeguarded funds sit outside the insolvency estate and are returned to customers by the administrator - repayment can take time, and administration costs may be deducted along the way.

How e-money safeguarding works → Verify on the register →

EEA passporting

21 jurisdictions

Under the EU passporting regime, Pecan Expense can provide services across the following EEA jurisdictions, in addition to its home authorisation in Ireland.

  • SwedenSweden6
  • Czech RepublicCzech Republic6
  • NetherlandsNetherlands6
  • GermanyGermany6
  • RomaniaRomania6
  • FranceFrance6
  • BelgiumBelgium6
  • CyprusCyprus6
  • DenmarkDenmark6
  • NorwayNorway6
  • FinlandFinland6
  • SpainSpain6
  • CroatiaCroatia6
  • LuxembourgLuxembourg6
  • PortugalPortugal6
  • PolandPoland6
  • ItalyItaly6
  • LithuaniaLithuania6
  • AustriaAustria6
  • GreeceGreece6
  • HungaryHungary6

Authorised activities (PSD2 / EMD2)

Payment-services activities Pecan Expense is permitted to carry out under its licence, as recorded in the register.

  • Issuance of electronic moneyEMI_ISSUANCE
  • Safeguarding of customer fundsSAFEGUARDING
  • Execution of payment transactions on a payment accountPSD2_3
  • Cash deposit services on a payment accountPSD2_1
  • Issuing payment instruments and acquiring payment transactionsPSD2_5
  • Cash withdrawal services on a payment accountPSD2_2

Frequently asked questions

Is Pecan Expense a licensed e-money institution?
Yes. Pecan Expense holds EMI authorisation from Central Bank of Ireland in Ireland, licence reference C95957. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
Who regulates Pecan Expense?
Pecan Expense is authorised and supervised by Central Bank of Ireland in Ireland. Its e-money licence and current status are listed on the EBA EUCLID register at euclid.eba.europa.eu.
What is Pecan Expense's licence or FRN number?
Pecan Expense's licence reference number is C95957. Enter it on the EBA EUCLID register at euclid.eba.europa.eu to confirm the institution's identity and that its authorisation is in force.
Is Pecan Expense authorised in other EEA countries?
Yes. Pecan Expense is passported to 21 EEA jurisdictions, meaning it can provide e-money and payment services across those countries on its home authorisation.

Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.

Other licensed institutions in Ireland

View all institutions in Ireland →

Registered office

Street
The Greenway, Block C Ardilaun Court
City
112-114 St Stephen's Green, D02 TD28

Ratings & reader notes

37 ratings · 0 written notes

3.9(37 ratings)
  • 5★18
  • 4★6
  • 3★6
  • 2★4
  • 1★3

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