Media Statements

Legal documents

Media Statement on PFS Card Services (Ireland) Limited (PCSIL)

Following an application to the High Court by PFS Card Services (Ireland) Limited (PCSIL), an e-money institution authorised by the Central Bank of Ireland, the Central Bank of Ireland is aware of the appointment of Kieran Wallace and Andrew O’Leary of Interpath as Joint provisional liquidators (JPLs) to PCSIL. Based on the current financial information available at this time, the JPLs expect the liquidation will be solvent. The JPLs will continue to assess the solvency on an ongoing basis, throughout the liquidation process.

PCSIL provides pre-paid cards (virtual and physical) through an EU wide network of distributors. PCSIL and Interpath have committed that all current card holders can, subject to new limits, continue to load funds to their card until 17 July 2024 and can continue to spend on their cards up to 17 January 2025 subject to certain changes and their terms & conditions.

The Central Bank expects that the Firm will ensure that customers’ interests are fully protected. This liquidation does not impact the firm’s regulatory status, PCSIL will remain a regulated financial service provider and is required to continue to adhere to all applicable regulatory requirements including safeguarding, capital, anti-money laundering/countering the financing of terrorism and conduct requirements during the wind-down.

Further information

Further information section. - PCSIL operates across the European Economic Area, with branches in Spain and France through a network of distributors. Services provided include general reloadable cards, pre-paid gift cards, retail pre-paid cards, money remittance cards, corporate payroll cards and government prepaid cards.

Further information for customers of PCSIL is available at

For queries related to the liquidation contact Kieran Wallace ([email protected]) and Andrew O’Leary([email protected]).

For PCSIL media queries, please contact Eavan Gannon in Powerscourt ([email protected]).

For media queries related to the Central Bank of Ireland  please contact [email protected]