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Etsy Payments obtains a payments authorisation in Ireland.  Version 6 and 17 of Regulated Fintech Maps released showcasing 67 regulated fintechs

21/2/2024

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  • Need assistance with an emoney or payments authorisation or an account information service provider or virtual asset services provider registration application, check out Fintech Ireland and CompliReg's handy authorisation guides at https://fintechireland.com/fintech-authorisations.html.  
Welcome Etsy Payments Ireland Limited to the regulated fintech ecosytem in Ireland!  Its authorisation brings the pool of regulated fintech in Ireland to 67, comprised of:
  • 26 authorised electronic money institutions
  • 21 payments institutions,
  • 4 standalone open banking firms
  • 11 virtual asset services providers and
  • 5 crowdfunding services providers. 

We are pretty sure that these numbers will continue to grow in 2024.

Etsy Payments Ireland was authorised by the Central Bank of Ireland on Tuesday 20 February 2024 as a payments institution.  It is the first payments institutions to be authorised in Ireland in 2024 and the first such firm authorised since early September 2024 when 
Freemarketfx Ireland Limited became authorised.  Earlier this month an electronic money institution received authorisation.
Etsy Payments Ireland has been authorised to provide payment service #5, which is " Issuing of payment instruments and/or acquiring of payment transactions".
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Etsy Payments Ireland has been authorised to provide payment service #5, which is "Issuing of payment instruments and/or acquiring of payment transactions".  The company was incorporated back on 14 June 2019 and has been active since that date.  According to CRO records for Etsy Payments Ireland as at year end 31 December 2022 the company had a turnover of €609K, cash in the bank of €2.5mn and Net Assets of €2.64mn. Not often one sees such figures at a company which is going through authorisation.

​Gary French announced his appointment to the role of Chief Executive Officer at Etsy Payments Ireland in a Linkedin post yesterday. Gary is also on the board of the company.  Before joining the Etsy brand, Gary worked at Google  / Google Payment Ireland Limited and Elavon.
  • Sign up to our Newsletter here.
  • Need assistance with an emoney or payments authorisation or an account information service provider or virtual asset services provider registration application, check out Fintech Ireland and CompliReg's handy authorisation guides at https://fintechireland.com/fintech-authorisations.html.  
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