Ireland · Payments & e-money
EML Money DAC
Trading asPecan Expense
EML Money DAC is an Irish designated activity company with its principal office in Dublin. The Central Bank of Ireland authorises it as an electronic money institution under the European Communities (Electronic Money) Regulations 2011, reference C95957. It is part of the group of EML Payments Limited, which is listed on the Australian Securities Exchange and acquired the firm, then named PerfectCard DAC, in 2018. It issues prepaid Mastercard gift, reward and expense cards to businesses and through programme partners, including under the Perx Reward brand.
Licences and registrations
Held by EML Money DAC. 1 entry on 1 of the 22 tracked registers, retrieved 25 September 2026.
| Register | Licence | Number | Jurisdiction | Status | Registered | Ends | Activities | Register entry |
|---|---|---|---|---|---|---|---|---|
| EBA PSD2 RegisterCentral Bank of Ireland | Electronic money institutionE-Money / Stored Value Institution | C95957 | Ireland | Active | 2018-07-11 | — |
|
Search the register ↗ |
Trading names on the register: Pecan Expense (EBA-PSD2)
- Each licence applies in the country of the regulator that granted it.
- Registers are tracked in 37 countries. Licences granted elsewhere are not recorded here.
Swift network
Swift’s ISO 9362 BIC directory
Holds no BIC in Swift’s directory. No LEI is matched to this entry, and BICs are linked by LEI only.
Overview
Researched 29 Sep 2026 · Sources
Customers
Not published
Employees
Not published
Ownership
Group subsidiary
EML Payments Limited
Firm type
E-money and accounts
Trades as Perx Reward
- Standing
- The Central Bank of Ireland register shows the firm's e-money authorisation as current, with no withdrawal date. The FCA register shows its UK e-money authorisation as cancelled since 31 December 2025. The Pecan Expense card, still listed as a trading name, was discontinued on 30 September 2023.
- Ownership
- EML Payments Limited, an Australian company listed on the ASX, acquired 74.9% of the firm (then PerfectCard DAC) in July 2018, and the firm operates as part of the EML group.
- Direct parent
- EML Payments Limited, Australia
- Head office
- The Greenway, Block C, Ardilaun Court, 112-114 St Stephen's Green, Dublin 2, D02 TD28 Dublin, Ireland
- Company register
- Companies Registration Office (Ireland) 423276
- Founder
- Nikki Evans
- Former name
- PerfectCard DAC
Online
- Websites & references
- emlpayments.com ↗
perxreward.com ↗ Perx Reward employee reward card site (brand of the firm)
pecanexpense.com ↗ Pecan Expense site (product discontinued September 2023) - Official social accounts
- LinkedIn ↗ · X ↗ · YouTube ↗ · LinkedIn (Perx Rewards brand) ↗
- Apps
- Google Play ↗ · App Store ↗
Sources · 17 pages consulted
- registers.centralbank.ie/FirmRegisterDataPage.aspx?firmReferenceNumber=C95957®ister=63
- registers.centralbank.ie/FirmDataPage.aspx?firmReferenceNumber=C95957
- register.fca.org.uk/s/firm?id=0014G00002WMJvdQAH
- register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx
- bportugal.pt/en/entidadeautorizada/eml-money-dac
- emlpayments.com/company/
- emlpayments.com/company/leadership/
- emlpayments.com/terms-and-conditions/
- perxreward.com/faqs
- perxreward.com/terms-and-conditions
- swirlcard.com/corporate-gift-card/cardholder-terms-conditions-prepaid-swirl-gift-card-copy/
- swirlcard.com/terms_mastercard/
- pecanexpense.com/terms-and-conditions
- pecanexpense.com/about-us
- lei-ireland.ie/detailed-information/51597488/9845006C05F9DC68F968/eml-money-designated-activity-company/
- businessnewsaustralia.com/articles/eml-payments-acquires-irish-fintech-to-corner-eu-market.html
- techcentral.ie/perfectcard-sold-to-australian-payments-company-for-e6m/
Authorisation
Researched 29 Sep 2026 · Sources
- Operates under
- Its own licences
The Central Bank of Ireland authorises the firm as an electronic money institution under Regulation 9 of the European Communities (Electronic Money) Regulations 2011, reference C95957. Its card terms state that it issues Mastercard cards under a licence from Mastercard International Incorporated.
| Authority | Licence or registration | Number | Held | Status | Source |
|---|---|---|---|---|---|
| Central Bank of Ireland Ireland | Electronic Money Institution authorised pursuant to Regulation 9 of the European Communities (Electronic Money) Regulations 2011 | C95957 | In its own name | Active | registers.centralbank.ie ↗ |
| Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution (cancelled) | 901106 | In its own name | Withdrawn or expired | register.fca.org.uk ↗ |
Licences and registrations the research found, at home and abroad, as the firm and its regulators publish them. The Licences and registrations card shows the entries on the registers the directory tracks.
Partners and safeguarding
Researched 29 Sep 2026 · Sources
- Safeguarding
- Segregated safeguarding accountsThe firm's card terms state that funds it receives go into a secure account used to redeem card transactions and are protected against creditors' claims if it becomes insolvent.
- Payment schemes and card networks
- Mastercard Direct perxreward.com ↗
Banks and regulated firms the firm says hold its customers’ money, issue its cards, sponsor its accounts or settle its payments, as it discloses them in its terms and notices.
Products and markets
Researched 29 Sep 2026 · Sources
It issues prepaid Mastercard cards for employee rewards and incentives, shopping-centre gift programmes and partner-branded e-money accounts, such as the SWIRL card distributed by Smart Transfer Ltd.
It serves customers mainly in Ireland, and the Central Bank of Ireland register shows its licence passported on a freedom-of-services basis to 21 other EEA states.
- Sells to
- Enterprises · Small businesses · Platforms and marketplaces · Consumers
- Serves customers in
- Ireland
Leadership
Researched 29 Sep 2026 · Sources
- Executive
- Anthony Hynes Executive Chair, EML Payments Limited (group parent, not this entity)
Recent events
Researched 29 Sep 2026 · Sources
-
Licence
The FCA register records the firm's UK authorisation as an electronic money institution as cancelled with effect from 31 December 2025.
register.fca.org.uk ↗ -
Other
The firm discontinued the Pecan expense card on 30 September 2023 and returned remaining funds to the business customers.
pecanexpense.com ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, security incidents, licence changes, funding rounds, acquisitions and leadership changes. Each links to its source.
Identifiers
- Licence no. · EBA-PSD2
- C95957
- BIC
- Holds no BIC in Swift’s directory
- LEI
- No LEI mapped
- Elucidate firm ID
- 7850e97da9fd
Profile
- Type
- Payments & e-moneyPayment institutions, e-money and stored-value issuers, and account-information providers. Licensed under payment-services law (e.g. PSD2 in the EU and UK, the Payment Services Act in Singapore). Taken from the licences on the tracked registers.
- Regulation
- Prudential licenceAuthorised with capital, safeguarding and conduct requirements, e.g. an authorised payment or e-money institution in the EU or UK, a major payment institution in Singapore, or a MiCA crypto-asset service provider.
- Main licence class
- E-Money / Stored Value Institution
- Activities
- Payment services
- Card acquiring
- E-money / stored value
- Licensed in
- Ireland · Europe & Central Asia
- First registered
- 2018-07-11
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
Ownership and group
GLEIF relationship records
No LEI is matched to this entry, so GLEIF relationship records cannot be linked.
Addresses
- Address on the register
- The Greenway, Block C Ardilaun Court, 112-114 St Stephen's Green, D02 TD28
- Country
- Ireland
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
This institution holds no BIC. A CBPR+ message identifies it by name and postal address, and may add its LEI or a clearing code.
- Identified by
- Name and postal address. No LEI or clearing code is mapped in the directory
- Postal address
- Hybrid: town, postcode and country in their own elements, the rest in two address lines
<FinInstnId>
<Nm>EML Money DAC</Nm>
<PstlAdr>
<PstCd>D02 TD28</PstCd>
<TwnNm>112-114 St Stephen's Green</TwnNm>
<Ctry>IE</Ctry>
<AdrLine>The Greenway</AdrLine>
<AdrLine>Block C Ardilaun Court</AdrLine>
</PstlAdr>
</FinInstnId>CBPR+ identifies the instructing and instructed agents by BIC only. An institution without a BIC can be the debtor, creditor or an intermediary agent.
The values are as published by the register. Check them against your own records before use.
Sources & method
Register entries come from the public registers of financial regulators, standardised into one taxonomy. LEIs are matched through GLEIF, and a BIC is linked only through a shared LEI.
An institution missing from these registers is not necessarily unregulated.
Register entries are not matched against the OFAC or EU sanctions lists. Where the legal entity also holds a BIC, the matches for that BIC are on its page. Always screen against the official lists.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Register for this page
- EBA PSD2 Register—European Banking Authority (EBA) · source ↗ as at 25 September 2026
- Overview, authorisation, partners, products, leadership and events—researched per institution by an AI model with web search, from the firm's own website, terms and filings, regulators' registers and notices, company registers and news. Licences, partners, figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
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A licence records what an institution is authorised to do; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks and payment institutions.
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