Revolut hints at new 'payments and technology hub' in Ireland
Siliconrepublic.com - Wed 11 Sep 10:17 GMT

Revolut confirms it is exploring opening a payments and technology hub in Ireland and placing a 'strategic focus' on its Irish business.

  Digital challenger bank Revolut has said it is considering a new ‘payments and technology hub’ in Ireland, praising the country’s tech ecosystem and talent pool.

  Revolut has doubled down on its commitment to Ireland, saying it plans to place a “strategic focus” on the country and is eyeing it up as the potential location for a “payments and technology hub”.

  Last month, Fora reported that Revolut was advertising for roles in Ireland and applying for an electronic money license.

  “We have also decided to explore the creation of a payments and technology hub in the Republic of Ireland, which is well known for its technology focus and talent pool.

  News of a potential new Irish technology hub was previously indicated in Luxembourg magazine Delano, which was looking into why Revolut dropped its licence application in the country.

  There was speculation that the application was dropped after comments were made in the Luxembourg parliament about fintech companies skirting national and international rules.

  Revolut has denied that these comments were in any way related to the dropping of its Luxembourg application.