EVO Payments International Set To Expand In Ireland With €9.1m Investment
Published on Feb 1 2017 2:27 PM
EVO Payments International has announced that it is planning to expand it's operations in Ireland as part of a €9.1 million investment. The leading card payment service provider is planning to create 50 new jobs and the opening of a new headquarters in Dun Laoghaire, Co.Dublin.
The company currently has an extensive presence in North America and Europe, and will partner with Bank of Ireland and will operate under the BOI Payment Acceptance (BOIPA) brand name in Ireland. It will provide innovative card point-of-sale and online payment solutions for Irish SMEs and corporate businesses.
In response to the recent announcement, Mary Mitchell-O’Connor, Minister for Jobs, Enterprise and Innovation, “The alliance between EVO Payments International and Bank of Ireland brings together a world-leading international payments technology company and a major Irish financial institution. The result is a great win for Ireland. I am confident the company will find the required skills in our talented workforce, and I look forward to the business going from strength to strength in the future.”
EVO established a presence here in 2014 and in just two years, the company has grown from five to 70 people.
Brian Cleary, Managing Director of BOI Payment Acceptance Ireland and UK, said: “We’ve experienced rapid growth here over the past two years, driven mostly by the increasing use of card payments by Irish consumers, the adoption of new card payment technologies by Irish businesses to meet that demand, and a growing Irish economy. Equally, our strategic partnership with Bank of Ireland means we continue to deliver for more Irish businesses and consumers.”
Debit card spend in Ireland last year was over €30 billion, which shows a 20% increase year-on-year. Allied to this total card spend in Ireland is over €40 billion with an additional €13 billion spent online.
Cleary added: “With over six million debit and credit cards in the market, debit card spend on the increase year-on-year and over 35,000 Irish businesses offering contactless payment facilities, this number continues to grow. Our additional investment reinforces our commitment to rapidly expanding our presence in both the Irish and UK markets and will ensure we are well positioned to meet the demand for new and innovative payment solutions among consumers and businesses in Ireland.”
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