Up to 30 new jobs are to be created by OmniPay, an Irish technology company owned by global payments processor First Data, to tackle the growth of digital payments in emerging markets like Brazil, Russia, India and China.
OmniPay was started up in Dublin in 2000 and currently employs 165 people. The latest expansion, supported by IDA Ireland, will bring total headcount to close to 200 within the coming months.
Company founder Hubert O’Donoghue told Siliconrepublic.com that the new jobs will be mainly in the area of product development to help bring new products to market faster.
“The new roles are being created in the solutions delivery function and we are seeking software developers, testers, business analysts and project managers. The main thrust is to get these 30 people working on initiatives relating to new products we’ll be releasing for India and Brazil in particular, and of course a general increase in customer demand.”
O’Donoghue explained that demand for online payment processing is being accelerated by the growth in e-commerce payments as well as the ability to conduct micro-payments via devices ranging from iPhones and Android smartphones to games consoles like the Xbox 360.
He said further growth is expected to come in the years ahead through mobile commerce and near field communications transactions on smartphones.
Global payments cluster
OmniPay currently processes more than 1bn transactions on behalf of 31 merchant acquiring banks and payment processors worldwide.
The company serves 5.4m merchants in 73 countries across 149 currencies.
OmniPay became fully owned by First Data in April 2012,when First Data acquired the remaining equity stake in OmniPay from Fexco.
IDA Ireland chief executive Barry O’Leary said Ireland is rapidly becoming one of the world’s leading locations for companies operating in the payments industry.
“Companies in the payments industry locate here to gain access to our technological infrastructure, as well as our talented graduates.
“The growing number of payment companies locating in Ireland comes as a result of the IDA’s strategy to focus on targeting particular industries and creating ‘clusters’,” O’Leary said.