Profile rates
Data-derived · A is broadestThree named tiers comparing this institution against the rest of the European register.
- Reach
- DomesticTier D
- Scope
- SpecialistTier C
- Tenure
- MatureTier B
No EEA passporting on record.
Authorised for 4 payment-services activities.
Authorised 5 years ago.
About this institution
Verified active. Modulr FS Europe Limited holds an Irish e-money licence registered by the Central Bank of Ireland. The licence reference is C191242, granted on 14 October 2020 by the Central Bank of Ireland. It authorises issuing payment instruments and acquiring transactions, safeguarding customer funds, issuing electronic money, and executing payments on an account.
Passporting data for the licence is not recorded by the register today. Thus, no EEA host states are listed under the licence for cross-border operations.
The licence was granted on 14 October 2020, and the last status update shows it remains active. The Central Bank of Ireland listed Modulr FS Europe Limited (reference C191242) as active as of the last cross-check.
Licence timeline
3 dated eventsDated events for Modulr, from the register record and this directory’s daily cross-checks. Status changes are recorded as they are observed.
Cross-checked against the Central Bank of Ireland register
Automated daily verification of licence status and reference.
First verified and added to this directory
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
15/30
Modulr is one of 30 e-money institutions on the Ireland register, 30 of which are currently active. Its licence is the 15th oldest of the 30 dated Ireland EMI authorisations, one of 5 granted in 2020.
Is your money safe with Modulr?
Modulr 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.
Authorised activities (PSD2 / EMD2)
Payment-services activities Modulr is permitted to carry out under its licence, as recorded in the register.
- Issuing payment instruments and acquiring payment transactionsPSD2_5
- Execution of payment transactions on a payment accountPSD2_3
- Issuance of electronic moneyEMI_ISSUANCE
- Safeguarding of customer fundsSAFEGUARDING
Frequently asked questions
- Is Modulr a licensed e-money institution?
- Yes. Modulr holds EMI authorisation from Central Bank of Ireland in Ireland, licence reference C191242. Its authorisation is currently active and is cross-checked against the EBA EUCLID register.
- Who regulates Modulr?
- Modulr 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 Modulr's licence or FRN number?
- Modulr's licence reference number is C191242. 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.
Sourced from the FCA Financial Services Register and the EBA EUCLID register; cross-checked daily.
Other licensed institutions in Ireland
Registered office
- Street
- 6th Floor, 2 Grand Canal Square
- City
- Dublin 2, Not Available
Ratings & reader notes
0 written notes
Share what you know about Modulr. Guest comments - no account required. Be kind and on-topic.
No reader notes yet. Be the first to share what you know about this institution.