Lord Green, Minister of State for Trade and Investment, visited Realex Payments’ Dublin headquarters today to participate in an ecommerce and payments round table discussion hosted by the company.
Online Payments company Realex Payments announced today that it hosted a round table discussion on the growth of ecommerce in the UK. In attendance were a number of Irish companies currently focused on increasing their exports to the UK, as well as the British Ambassador to Ireland, Dominic Chilcott.
Realex Payments founder and CEO, Colm Lyon said “we were delighted to host this round table discussion with Lord Green. Of our 12,000 clients over 60% are UK based retailers for whom we process £12Bn per annum. We’re currently experiencing significant growth in the UK, last year our revenue in the UK market grew by 95%. Realex Payments enables online commerce and in particular cross border trade, that might not be possible in a bricks and mortar world. Many of our UK clients are selling into mainland Europe and across the globe, while our Irish clients are now selling over €1Bn per annum in to the UK.”
Realex Payments also discussed its plans to join the UK Clearing system. “We are currently working through the process to become members of the different schemes and payment networks in Europe, including the Faster Payments Scheme in the U.K. We believe that access to the payment systems can be provided in a controlled fashion and that this will allow payment account and application development businesses to launch products that will provide consumers and businesses with a range of competitive options while paying and being paid” Colm concluded.
The company also announced its support of the HM Treasury report (entitled Opening up UK Payments) issued recently.