Through our EMI licence, TransactPay is able to sponsor mobile wallet, e–wallet, and other cardless technical solutions, removing the need for our customers to obtain their own EMI licence.
What is an Electronic Money Institution (EMI)?
An EMI is an entity authorised by the nominated authority in a jurisdiction that allows the EMI to issue and manage e-money. TransactPay holds EMI licences with the Gibraltar Financial Services Commission and the Malta Financial Services Authority.
A partnership with TransactPay means that customers can utilise our EMI licences, removing the worry of obtaining their own, which can be a lengthy, costly and highly technical process.
Through our EMI licences, we issue payment accounts, mobile wallets, physical and virtual prepaid, debit, credit and tokenised cards. This includes corporate expense cards, general spend cards, gift cards, money transfer cards, travel and foreign exchange cards, payroll and payroll–plus cards and affiliate commission cards.
Get in touch
Looking to go cardless? Want to work with a leading European e-money institution that will help your payment solution become a success? Get in touch!
Real businesses, real results
Explore examples of how we have delivered solutions for our clients.
Payac
From the outset, Ireland’s Credit Unions founded Payac with a determination to modernise their service offering and provide their members with a real choice for their day to day financial needs. Payac sought to create a modern, full service banking solution, including full access to Single European Payment Area (SEPA) cross-border payments, standing orders, direct debit facilities, debit cards provided by Mastercard, contactless payments and e-commerce capabilities, as well as overdraft facilities
Tymit
Tymit were looking for a card issuer with experience of working with their chosen processing partner, Marqeta. They also needed a partner well used to the implementation of credit Bank Identification Numbers (BINs): most of all, though, they needed a partner that could deliver full implementation within a tight timeframe given significant changes in the market over the past year.
