Moneycorp nabs e-money license in Dublin for EU expansion
Moneycorp Group, a London-based foreign exchange and payments company, has obtained an e-money and MiFID license to operate in Dublin, part of a strategy to maintain international operations post Brexit.
The firm, originally founded in 1979, has operated an office in Dublin since 2013, however, the licenses mean the firm can now operate an Ireland-based business called Moneycorp Technologies Ltd.
"We are delighted to have secured both E-Money and MiFiD licenses from the Central Bank of Ireland," Bryan McSharry, CEO of Moneycorp's European business, said in a company release. "This ensures we can continue to support our existing customer base, continue to grow business in Ireland and expand our business across the EU in a post Brexit environment."
The company has existing offices in the U.K., U.S., Brazil, Hong Kong, Spain, Gibraltar, Romania, the UAE and Ireland.