With the aim of proving a single voice for the emerging fintech and payments ecosystem in Ireland, the Fintech and Payments Association of Ireland (FPAI) will see the consolidation of two groups, Payments Ireland and FinTech-Ireland and hopes to boost the country’s emerging fintech community. The move to consolidate the groups follows Government support for a co-ordinated approach to growth with the existing industry playing a large role in shaping future policies.
Commenting on the move, new FPAI board member Anna Scally of KPMG said,
“Ireland is one of the best places in the world for tech companies to do business and is fast becoming a global centre for fintech. We already have a vibrant, dynamic technology sector, a well-established global financial services centre and a strong ecosystem of tech start-ups. FPAI aims to bring all of this together and will provide a strong, united voice for the growing fintech community and its investors.”
With competition for fintech centers heating up across Europe, the move will help Ireland present a clear and supportive pitch that should encourage domestic start-ups to stay within the country and potentially attract foreign start-ups looking for alternative headquarter locations.
Overview by Tristan Hugo-Webb, Associate Director, Global Payments Advisory Service at Mercator Advisory Group
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