It was announced today that Payoneer will continue its global expansion with the establishment of a new office in Dublin.
Payoneer supports thousands of enterprise clients and millions of small businesses that come from 200 countries and territories, enabling them to do business globally. Obtaining CBI’s authorisation as an Electronic Money Institution and passporting across the European Economic Area (EEA) makes Payoneer only the twelfth company to be granted the license.
Payoneer supports sellers on many of the leading eCommerce marketplaces across Europe, including Amazon, Cdiscount, Joom and Rakuten. The license also supports the many small businesses based in Europe that sell goods and services worldwide.
Speaking this week, CEO of Payoneer, Scott Galit said, "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."