Global electronics processor Payoneer underscored their dedication to growing globally by announcing the opening of a new office in Dublin, Ireland. Additionally, the office is authorized by the Central Bank of Ireland (CBI), making it an official Electronic Money Institution. With thousands of clients worldwide and millions of small businesses depending on the payment processor, this office comes at a critical time. Companies within the UK can already access Payoneer for their digital payment needs to individuals or businesses within the EU, even after the political mire that was Brexit.
Flexibility in Payment
With the European Economic Area (EEA) now being a bit difficult for citizens of the UK to navigate, Payoneer hopes that their Dublin office will make it easier for those users to conduct business. The license that the office operates under supports integration with several other platforms, including Rakuten, Joom, CDiscount, and even Amazon. Ireland has already emerged as one of the areas in Europe where electronic and technology companies (including fintech businesses) can find a home base to expand into the rest of the European market. Both the technical side of the operation as well as the financial department can benefit from the talent pool that Dublin offers, making it an ideal location for the establishment of Payoneer’s new office.
An International Reach
Dublin currently plays host to over twenty-five electronic payment processors. Even so, Payoneer is the company that demonstrates the most extensive reach, with clients spanning countries all over the globe. Ireland is uniquely situated as a member of the EU and Eurozone, allowing the company to benefit from their membership and their oversight (thanks to Payoneer’s partnership with CBI as a regulatory body). The establishment of the office in Dublin holds a lot of promise for the company. It is a bold step towards achieving Payoneer’s goals of offering a payment processor that’s not limited by geographic or political boundaries.