Carapay, a Realex Payments subsidiary, has been awarded a Payment Institution license from the Financial Regulator. The license is issued under the Payment Service Directive (PSD) which allows new companies into the European market without having a banking licence. The following description of Carapay is taken from the Realex Payments press release.

“Carapay will be accessible anytime, anywhere using any web or mobile device people can pay each other, pay businesses and shop online – safe, secure and in real time. Carapay can be used to pay bills, club memberships, school fees, dinners with friends or any other type of money transfer normally conducted using cheques or cash.”

Carapay is due to launch in early 2011. You can register your interest on the Carapay website.

Dave

--

If you liked this article then you can:

• Subscribe to our Blog RSS feed
• Become a fan of webpayments.ie on Facebook
• Follow us on Twitter

Related Blog Posts:

• Realex Payments to launch a PayPal-style online payment service
• Realex Payments celebrate 10 years in business
• Realex Payments Web Developers Christmas Get Together
• More businesses go online - Realex report record new signups

Related Forum Posts:

• Implications of Carapay

This year Realex Payments celebrate 10 years in business. As part of their 10th birthday celebration entitled i10 they have commissioned a video documenting their story. The video gives an great insight into the foundations of the company and the passion and vision of the people behind it. Realex Payments CEO and founder, Colm Lyon discusses their journey from a startup company to an international organisation with over 3,500 clients and with offices in Dublin, London and Paris.

More videos from Realex can be found on their YouTube channel and photos from #i10 on their Facebook page. Congratulations to Realex Payments on achieving so much in the past 10 years and may their growth continue into the future.

Dave

--

If you liked this article then you can:

• Subscribe to our Blog RSS feed
• Become a fan of webpayments.ie on Facebook
• Follow us on Twitter

Related Blog Posts:

• Realex Payments Web Developers Christmas Get Together
  
• More businesses go online - Realex report record new signups