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Fintech & Ecommerce

Payoneer received EMI license in Ireland

Feb 12, 2020

Payoneer supports enterprise clients and small businesses from 200 countries and territories

Payoneer and Ireland

Payoneer received EMI license in Ireland. Source: unsplash.com

Payoneer announced the establishment of a new office in Dublin, Ireland. This way, the Central Bank of Ireland authorizes the Dublin entity of Payoneer as an Electronic Money Institution (EMI).

Obtaining of EMI authorization across the European Economic Area (EEA) is a significant milestone, making Payoneer only the 12th company to be given the license.

At the same time, Payoneer has ensured that its customers are able to seamlessly carry out business operations in the EEA following Brexit. The license supports small businesses located in Europe that sell goods and services worldwide as well.

This license is the culmination of our efforts to ensure stability and continuity for our customers. With this investment, we are able to continue to support the growth of our customers from around the globe, keeping cross-border commerce flowing smoothly, regardless of the regulatory changes triggered by Brexit. We are very grateful to the CBI for their guidance and assistance in granting the new license and to IDA Ireland for its support
Scott Galit, CEO of Payoneer 

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