Digital payments company Payoneer announced on Wednesday it not only opened a new office Dublin, it has also been authorized as an Electronic Money (e-money) institution by the Central Bank of Ireland (CBI). Payoneer claims its the twelfth company to be granted the license.
Founded in 2005, Payoneer explained that it enables any business of any size from anywhere to access new economic opportunities by making it possible to transact as easily globally as they do locally.
“Payoneer’s digital platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from 200 countries and territories. Leveraging its robust technology, compliance, operations and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions and risk management. Powering growth for customers ranging from aspiring entrepreneurs in emerging markets to the world’s leading digital brands like Airbnb, Amazon, Google and Upwork, Payoneer makes global commerce easy and secure.”
Scott Galit, CEO of Payoneer stated that the license is the culmination of he and his team’s efforts to ensure stability and continuity for their customers. The new Dublin office will notably be headed by Patrick de Courcy, who previously ran Payoneer’s APAC operations and brings more than 20 years expertise of global banking and regulatory infrastructure. de Courcy then added:
“We’re delighted to launch in Dublin and join the growing number of e-money and payment institutions established here. Ireland has a credible and experienced regulator in the CBI and provides access to a sophisticated financial services ecosystem with the deep pool of staff, managers, professional advisers and service providers that we’re looking for as we grow operations.”