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March 23, 2022
On the web
Winklevoss Twins Secure Irish E-money Licence for Gemini Payments
The Irish Times
“Gemini Payments, a popular cryptocurrency exchange established by the Winklevoss brothers, has secured an e-money licence from the Central Bank . It is the first fintech to become authorised for such a licence in the Republic since October 2020. Other well-known companies to receive such authorisation include Stripe , Facebook and Google .”
May 19, 2021
On the web
Payments Company Square Makes Ireland Its First Eurozone Launch
Reuters
“Square (SQ.N) , the payments company led by Twitter (TWTR.N) CEO Jack Dorsey, launched its services in Ireland on Tuesday in its first eurozone foray. The San Francisco-based Square said businesses of all sizes would be able to start using its credit card reader to process payments on mobile devices, as well as the company’s other products including invoice management software…The launch comes more than four years after Square made Britain its foothold in Europe where it faces stiff competition from well-established companies such as U.K.’s SumUp and Zettle, which is owned by PayPal (PYPL.O) .”
May 12, 2021
On the web
Irish Banks Plan Yippay Mobile Payments Joint Venture to Compete With New Entrants
NFCW
“Bank of Ireland , AIB , Permanent TSB and KBC Ireland are planning to launch a mobile payments service known as Yippay “to rival disruptors such as Revolut”, according to the Irish Independent. The four banks filed an application with Ireland’s Competition and Consumer Protection Commission (CCPC) for a joint venture called Synch Payments to create the new service last month.”
January 13, 2021
On the web
Irish Banks Select Italian Fintech Sia to Develop App to Rival Revolut
The Irish Times
“The group of Irish banks seeking to set up an instantaneous money-transfer mobile app to take on the likes of Revolut and N26 have selected Italian fintech giant Sia to provide the technology, according to sources. Sia, which is backed by Italian state-owned investment firm Cassa Depositi e Prestiti (CDP) and is currently in the process of merging with fellow Milan payments giant Nexi , is yet to sign final contracts, as the entire plan is dependent on approval by the Competition and Consumer Protection Commission (CCPC), they said.”
June 14, 2018
On the web
PayPal Scraps Fees On Euro Transfers Between Friends And Family In Ireland
The Irish Times
“The payments company, which says it has a million Irish users, estimates that Irish people are owed about €575 million in small unpaid debts, according to research carried out on its behalf. The average Irish adult is owed – and owes – €152 because of small loans made to friends and family. Almost 20 per cent blame not having enough cash on their person, or a lack of access to cash machines, for failing to repay the loans in a timely manner.”
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