🇫🇷 France vs 🇮🇪 Ireland: e-money licensing compared
France and Ireland take recognisably different routes to e-money authorisation. In France the route is the Etablissement de monnaie electronique. overseen by ACPR (part of the Banque de France). Not the AMF, which handles markets and crypto.; in Ireland it is the E-Money Institution or Small E-Money Institution under the European Communities (Electronic Money) Regulations 2011. under Central Bank of Ireland (CBI).. The two regimes differ on 5 of 10 tracked decision dimensions, including timeline to authorisation and local substance. The free columns below are open to everyone; the decision figures unlock with a pass, each one dated and sourced.
France: verified 2026-07-03 · Ireland: verified 2026-07-03
| Dimension |
🇫🇷 France
partly open
Verified 2026-07-03
|
🇮🇪 Ireland
partly open
Verified 2026-07-03
|
|---|---|---|
| Licence type | Etablissement de monnaie electronique. | E-Money Institution or Small E-Money Institution under the European Communities (Electronic Money) Regulations 2011. |
| Regulator | ACPR (part of the Banque de France). Not the AMF, which handles markets and crypto. | Central Bank of Ireland (CBI). |
| Capital requirement | France capital requirement is locked. Unlock with the £349 pass. | Ireland capital requirement is locked. Unlock with the £349 pass. |
| Timeline to authorisation | France timeline to authorisation is locked. Unlock with the £349 pass. | Ireland timeline to authorisation is locked. Unlock with the £349 pass. |
| Local substance | France local substance is locked. Unlock with the £349 pass. | Ireland local substance is locked. Unlock with the £349 pass. |
| Application cost | France application cost is locked. Unlock with the £349 pass. | Ireland application cost is locked. Unlock with the £349 pass. |
| Ongoing cost | France ongoing cost is locked. Unlock with the £349 pass. | Ireland ongoing cost is locked. Unlock with the £349 pass. |
| Passporting | France passporting is locked. Unlock with the £349 pass. | Ireland passporting is locked. Unlock with the £349 pass. |
| EMIs authorised | France emis authorised is locked. Unlock with the £349 pass. | Ireland emis authorised is locked. Unlock with the £349 pass. |
| Key restrictions | France key restrictions is locked. Unlock with the £349 pass. | Ireland key restrictions is locked. Unlock with the £349 pass. |
| Safeguarding | France safeguarding is locked. Unlock with the £349 pass. | Ireland safeguarding is locked. Unlock with the £349 pass. |
| Recent changes | PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file. | PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file. |
| Difficulty rating | France difficulty rating is locked. Unlock with the £349 pass. | Ireland difficulty rating is locked. Unlock with the £349 pass. |
The two regimes differ on 5 of 10 tracked decision dimensions, including timeline to authorisation and local substance. Unlock the pass to see each figure with its source and verification date.
What changed recently
🇫🇷 France (verified 2026-07-03): PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file.
🇮🇪 Ireland (verified 2026-07-03): PSD3 and PSR merge the payment institution and EMI regimes into one payment institution licence that can issue e-money. Final texts published 23 Apr 2026, OJ expected mid to late 2026, PSR applies about 20 days after publication, PSD3 transposition within 18 months (applicability ~Q2/Q3 2028). Existing EMIs are grandfathered but must update their file.
Quick answers
Who regulates e-money licensing in France and Ireland?
France: ACPR (part of the Banque de France). Not the AMF, which handles markets and crypto.. Ireland: Central Bank of Ireland (CBI)..
What licence do you need in France compared with Ireland?
In France the authorisation route is Etablissement de monnaie electronique.; in Ireland it is E-Money Institution or Small E-Money Institution under the European Communities (Electronic Money) Regulations 2011.. The comparison table on this page lines the two up dimension by dimension.
Where can I see the full France vs Ireland comparison?
The interactive benchmark lets you pin either jurisdiction and add up to five peers; a Founder Pass or Pro subscription unlocks every gated figure with its source and verification date. This page stays free at /e-money/compare/france-vs-ireland.
Informational only, not legal advice. Every open figure carries its own verification date; verify with qualified counsel before acting.