Trust Payments expands into Ireland with new Dublin office

By Megha Bhattacharya

Payments technology group Trust Payments has expanded into Ireland with a new office in Dublin city centre. The company will initially target Irish SMEs with a turnover of €1 million or less, offering digital payment, Crypto, Blockchain and options in person (POS) as well as larger organisations operating in the retail, travel, education, financial services, hospitality, online gaming and emerging verticals.

Chief Commercial Officer Jonathan O’Connor said, “As we emerge from Covid, tourism in Ireland will thrive once more. We are active in the travel industry and can work with a number of partners both in the EU and the US who are keen to build local relationships in Ireland. In addition, we want to drive new and exciting crypto payment and blockchain loyalty product solutions for Irish merchants. Our leadership position in the crypto payments market out of Malta gives us a competitive advantage in the Irish market.”

Recently, Trust Payments announced that the UK’s Financial Conduct Authority (FCA) has granted an Authorised Payment Institution (API) license to the company’s subsidiary TrustUK Payments Ltd. The license allows the company to engage in payment services directly in the UK without the need to rely on its existing EU licensing structures or transitional arrangements in the wake of Brexit.

O’Connor added, “We are excited to work with local Irish FinTechs and will offer local start-ups in payments, customer loyalty, travel and online gaming the opportunity to showcase and engage in early pilots with existing Trust Payments clients in the European, North American and Asia Pacific regions. This will provide critical early ‘voice of the customer’ feedback for selected companies and help Irish startups to grow. Details of this program will be published on our website by the end of June.”

Jonathan O’Connor added, “Ireland has a thriving business scene. By opening new offices in Ireland, we will be able to focus even more on our customers in Ireland, as well as gain new customers locally,” O’Connor said. He added, “We will have some key senior hires based in Ireland and plan to tap into the great local talent pool of FinTech professionals to help support our local expansion.”