--- title: "EML Money DAC · Electronic money institution (Central Bank of Ireland) · Ireland | Elucidate" description: "EML Money DAC is authorised by Central Bank of Ireland as an electronic money institution in Ireland. Licence C95957. Register status, licences, activities and ownership." url: https://elucidate.co/directory/eml-money-dac-7850e97da9fd --- 1. [Directory](https://elucidate.co/directory) 2. [Ireland](https://elucidate.co/directory/country/ie) 3. EML Money DAC Ireland · Payments & e-money # EML Money DAC Trading as Pecan 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. Register status Licensed in Ireland Electronic money institution · Central Bank of Ireland Prudential licence [1 licence or registration ↓](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#licences) BIC **No BIC** LEI **No LEI mapped** [Licence no. **C95957**](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#licences) ## 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 Register](https://elucidate.co/directory/register/eba-psd2) Central Bank of Ireland | Electronic money institutionE-Money / Stored Value Institution | C95957 | [Ireland](https://elucidate.co/directory/country/ie) | Active | 2018-07-11 | — | - Payment services - Card acquiring - E-money / stored value | [Search the register ↗](https://euclid.eba.europa.eu/register/pir/search) | 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](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#overview-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 ↗](https://www.emlpayments.com/) [perxreward.com ↗](https://perxreward.com/) Perx Reward employee reward card site (brand of the firm) [pecanexpense.com ↗](https://pecanexpense.com/) Pecan Expense site (product discontinued September 2023) - **Official social accounts:** [LinkedIn ↗](https://linkedin.com/company/emlpayments) · [X ↗](https://twitter.com/emlpayments) · [YouTube ↗](https://www.youtube.com/channel/UCoOi-WpvyV45OYWub1GK0ew/featured) · [LinkedIn (Perx Rewards brand) ↗](https://www.linkedin.com/company/perx-rewards-solutions) - **Apps:** [Google Play ↗](https://play.google.com/store/apps/details?id=com.emlpayments.app&pcampaignid=web_share) · [App Store ↗](https://apps.apple.com/ie/app/get-my-ecard/id1359531241) Sources · 17 pages consulted 1. [registers.centralbank.ie/FirmRegisterDataPage.aspx?firmReferenceNumber=C95957®ister=63](https://registers.centralbank.ie/FirmRegisterDataPage.aspx?firmReferenceNumber=C95957®ister=63) 2. [registers.centralbank.ie/FirmDataPage.aspx?firmReferenceNumber=C95957](https://registers.centralbank.ie/FirmDataPage.aspx?firmReferenceNumber=C95957) 3. [register.fca.org.uk/s/firm?id=0014G00002WMJvdQAH](https://register.fca.org.uk/s/firm?id=0014G00002WMJvdQAH) 4. [register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx](https://register.fca.org.uk/servlet/servlet.FileDownload?file=015b0000006CWmx) 5. [bportugal.pt/en/entidadeautorizada/eml-money-dac](https://www.bportugal.pt/en/entidadeautorizada/eml-money-dac) 6. [emlpayments.com/company/](https://www.emlpayments.com/company/) 7. [emlpayments.com/company/leadership/](https://www.emlpayments.com/company/leadership/) 8. [emlpayments.com/terms-and-conditions/](https://www.emlpayments.com/terms-and-conditions/) 9. [perxreward.com/faqs](https://perxreward.com/faqs) 10. [perxreward.com/terms-and-conditions](https://perxreward.com/terms-and-conditions) 11. [swirlcard.com/corporate-gift-card/cardholder-terms-conditions-prepaid-swirl-gift-card-copy/](https://www.swirlcard.com/corporate-gift-card/cardholder-terms-conditions-prepaid-swirl-gift-card-copy/) 12. [swirlcard.com/terms\_mastercard/](https://www.swirlcard.com/terms_mastercard/) 13. [pecanexpense.com/terms-and-conditions](https://pecanexpense.com/terms-and-conditions) 14. [pecanexpense.com/about-us](https://pecanexpense.com/about-us) 15. [lei-ireland.ie/detailed-information/51597488/9845006C05F9DC68F968/eml-money-designated-activity-company/](https://lei-ireland.ie/detailed-information/51597488/9845006C05F9DC68F968/eml-money-designated-activity-company/) 16. [businessnewsaustralia.com/articles/eml-payments-acquires-irish-fintech-to-corner-eu-market.html](https://www.businessnewsaustralia.com/articles/eml-payments-acquires-irish-fintech-to-corner-eu-market.html) 17. [techcentral.ie/perfectcard-sold-to-australian-payments-company-for-e6m/](https://www.techcentral.ie/perfectcard-sold-to-australian-payments-company-for-e6m/) ## Authorisation Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#overview-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 ↗](https://registers.centralbank.ie/FirmRegisterDataPage.aspx?firmReferenceNumber=C95957®ister=63) | | Financial Conduct Authority United Kingdom | Authorised Electronic Money Institution (cancelled) | 901106 | In its own name | Withdrawn or expired | [register.fca.org.uk ↗](https://register.fca.org.uk/s/firm?id=0014G00002WMJvdQAH) | 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](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#overview-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. [perxreward.com ↗](https://perxreward.com/terms-and-conditions) - **Payment schemes and card networks:** Mastercard Direct [perxreward.com ↗](https://perxreward.com/terms-and-conditions) 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](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#overview-sources) - Prepaid cards - E-money wallet 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](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#overview-sources) - **Executive:** Anthony Hynes Executive Chair, EML Payments Limited (group parent, not this entity) Confirmed 29 Sep 2026 · [emlpayments.com ↗](https://www.emlpayments.com/company/leadership/) ## Recent events Researched 29 Sep 2026 · [Sources](https://elucidate.co/directory/eml-money-dac-7850e97da9fd#overview-sources) 1. Dec 2025 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 ↗](https://register.fca.org.uk/s/firm?id=0014G00002WMJvdQAH) 2. Sep 2023 Other The firm discontinued the Pecan expense card on 30 September 2023 and returned remaining funds to the business customers. [pecanexpense.com ↗](https://pecanexpense.com/terms-and-conditions) 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-money - **Regulation:** Prudential licence - **Main licence class:** E-Money / Stored Value Institution - **Activities:** - Payment services - Card acquiring - E-money / stored value - **Licensed in:** [Ireland](https://elucidate.co/directory/country/ie) · 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 ```xml EML Money DAC D02 TD28 112-114 St Stephen's Green IE The Greenway Block C Ardilaun Court ``` 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. ## Related institutions ### Other payments & e-money institutions in Ireland - [Stripe Technology Europe, Limited BIC STTOIE22 Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C187865 (EBA-PSD2) · LEI 549300T7WU87LQYO0K16](https://elucidate.co/directory/stripe-technology-europe-limited-sttoie22) - [Confirmo Limited No BIC Payments & e-money Crypto Prudential licence Ireland · Licensed by Central Bank of Ireland · C570624 (EBA-PSD2) · also on ESMA-CASP · LEI 984500F75CJ82D8B7D76](https://elucidate.co/directory/confirmo-limited-c2a76bc67a5c) - [Paysafe Payment Solutions Limited. · trading as Skrill, Skrill, NETELLER No BIC Payments & e-money Crypto Prudential licence Ireland · Licensed by Central Bank of Ireland · C184986 (EBA-PSD2) · also on ESMA-CASP · LEI 213800QBQVHWRBHJTA89](https://elucidate.co/directory/paysafe-payment-solutions-limited-484fd6cb5229) - [Payward Europe Solutions Limited · trading as Kraken, Kraken Digital Asset Exchange (�Kraken�) No BIC Payments & e-money Crypto Prudential licence Ireland · Licensed by Central Bank of Ireland · C468360 (EBA-PSD2) · also on ESMA-CASP · LEI 254900641D8KNHUZYX24](https://elucidate.co/directory/payward-europe-solutions-limited-5d256d2fa542) - [Pionew Ireland Limited · trading as Webot No BIC Payments & e-money Crypto Prudential licence Ireland · Licensed by Central Bank of Ireland · C496936 (EBA-PSD2) · also on ESMA-CASP · LEI 984500FD0NZ8949F4363](https://elucidate.co/directory/pionew-ireland-limited-5faee6932ac9) - [ACE Money Transfer IE Limited · trading as ACE Money Transfer No BIC Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C500488 (EBA-PSD2) · No LEI mapped](https://elucidate.co/directory/ace-money-transfer-ie-limited-a27bfe4b58f0) - [Associated Foreign Exchange Ireland Limited BIC AFEEIE2D Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C188323 (EBA-PSD2) · LEI 254900PMVMUC5G2DRM93](https://elucidate.co/directory/associated-foreign-exchange-ireland-limited-afeeie2d) - [Barclaycard International Payments Limited No BIC Payments & e-money Prudential licence Ireland · Licensed by Central Bank of Ireland · C155145 (EBA-PSD2) · LEI 984500BCB3D03EC42C40](https://elucidate.co/directory/barclaycard-international-payments-limited-c13fc4c645b1) [See all →](https://elucidate.co/directory/search?type=payments&cc=IE) [Other entries on EBA-PSD2 →](https://elucidate.co/directory/register/eba-psd2) 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 →](https://elucidate.co/directory/methodology) Register for this page - **EBA PSD2 Register**—European Banking Authority (EBA) · [source ↗](https://euclid.eba.europa.eu/register/pir/search) 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. ## Assess the financial crime risk behind a licence A licence records what an institution is authorised to do; it does not assess it. The [Elucidate FinCrime Index (EFI)](https://elucidate.co/ratings) is an independent score of the financial crime risk of banks and payment institutions. [Book a demo](https://elucidate.co/demo-request) Licence and registration data are drawn from the public registers of the regulators named on each page and shown for information only; the official register is always the authority. LEIs and ownership are from GLEIF. Directory and gpi data are drawn from SWIFT's public sources. SWIFT, Swift gpi and UETR are trademarks of S.W.I.F.T. SC, Avenue Adèle 1, 1310 La Hulpe, Belgium. Elucidate is not affiliated with, endorsed by or sponsored by SWIFT or any regulator named here. Elucidate does not provide payment or other financial services.