Operating within our regulated permission.

Money remittance is defined under the Payment Services Regulations 2017 as a service where funds are received for the sole purpose of transferring them to a payee, without any payment account being created in the name of the payer or payee. Our activities fall squarely within this definition.

We do not hold customer payment accounts, do not issue electronic money, do not provide Account Information or Payment Initiation services, and do not engage in lending, credit, or investment activities.

As a Small Payment Institution, our average monthly payment turnover is constrained to €3 million on a rolling twelve-month basis. We monitor this threshold continuously and operate the business with deliberate headroom against it.

Were the firm's volumes to approach the threshold, we would assess whether to apply for authorisation as an Authorised Payment Institution. We make no public commitment to that path; our present scale is consistent with our SPI registration.

The service is for personal, non-commercial purposes — family support, gifts, and living expenses. Transactions that appear commercial in nature are declined. This focus aligns the business with the intent of the SPI regime and reduces complexity in our risk profile.

We operate a peer-to-peer netting settlement model. Funds do not traverse correspondent banking rails into the destination jurisdiction; equivalent value is delivered locally and netted against incoming flows. Each transaction is fully recorded and auditable.