Payoneer authorised as an electronic money institution by Central Bank of Ireland

Payoneer, the digital payment platform, has announced its continued global expansion with the establishment of a new office in Dublin, Ireland.

The Central Bank of Ireland (CBI) authorised the company to operate as an electronic money institution in the country. 

By investing in a new Dublin hub and being authorised as an electronic money institution, Payoneer has ensured that its customers are able to s continue business operations in the EEA following Brexit. Payoneer supports sellers on many of the ecommerce marketplaces across Europe, including Amazon, Cdiscount, Joom and Rakuten – critical platforms for merchants worldwide to get access to consumers in the EU. The license also supports the many small businesses based in Europe that sell goods and services worldwide.

Payoneer’s digital platform streamlines global commerce for millions of small businesses, marketplaces and enterprises from 200 countries and territories. Leveraging its technology, compliance, operations and banking infrastructure, Payoneer delivers a suite of services that includes cross-border payments, working capital, tax solutions, merchant services and risk management.