Australian payment solutions provider EML Payments is to create 20 jobs with the establishment of a technology and innovation hub in Galway.
This follows the group’s acquisition of FinTech company PerfectCard last year in a €6m deal.
EML provides prepaid payment services in Australia, Europe and North America, issuing mobile, virtual and physical card solutions for pay-outs, gifts, incentives and rewards, as well as supplier payments.
The company also has an established sales and marketing operation in Wicklow.
EML managing director and CEO Tom Cregan said: “Having an Irish eMoney license allows EML to self-issue regulated payment products across the European Union without the need for external third-party BIN (Bank Identification Number) sponsors, which provides our customers with greater regulatory certainty.”
“The acquisition also expands our product capability, enabling EML to become an issuer, payment processor and program manager across the European Union.”
Established in 2011, EML operates in 21 countries.
The group’s investment in Galway is supported by the Government through IDA Ireland.