Irish-founded online payments firm Realex, which was acquired by the US firm Global Payments for €115 million in March, is to create 50 new jobs in Dublin.
The company said it would be hiring across a number of different roles including: sales; marketing; IT operations and software development. Realex said it also intended to expand its technical graduate programme.
Realex was founded by Colm Lyon in 2000 and has grown to become one of Europe's largest and fastest growing online payment gateways. It processes payments valued in excess of €30 billion per annum on behalf of over 13,000 retailers throughout Europe and is continuing to expand its customer base in Ireland and the UK.
The company currently employs 170 staff at offices in Dublin, London and Paris. Set up in 2000, it provides the technology which allows online companies accept payments from customers, known in the trade as merchant processing.
Realex processes about €28 billion worth of transactions a year on behalf of its 12,500 clients, which include Virgin Atlantic, Aer Lingus and Paddy Power.
It had been partnering Atlanta-based Global Payments for the past three years, largely in the UK market, where 60 per cent of its turnover is generated.
"Ireland is fast becoming a hub for Fintech, with a wealth of talent available within the industry. We've always been proud of the Irish heritage of the company and its success as a tech start-up. It's important to us that we maintain these roots while continuing to grow our global operations," said Gary Conroy, managing director of Realex Payments.
“The expansion of our operations and our technology investment in Dublin will allow us to provide the highest standard of ecommerce innovation & service to our customer base,” he added.
