From global fintech companies to instant payment services, Ireland has built one of Europe’s most dynamic digital finance sectors.
No company illustrates this success better than Stripe. Founded by Irish brothers Patrick and John Collison, Stripe has become one of the most important financial infrastructure companies in the global digital economy. Millions of businesses rely on its software to accept online payments.
Like many European success stories, however, Stripe had to scale in the US to access large capital markets and global customers. Today it operates with dual headquarters in Dublin and San Francisco, reflecting both its Irish origins and its global ambitions.
It is precisely this gap that Europe hopes to address by building a Savings and Investment Union. Ireland supports efforts to deepen Europe’s capital markets so that promising European firms can grow at home rather than looking abroad for investment. The savings and investment union aims to strengthen and better coordinate EU‑level supervision, to unleash the €10 trillion kept in bank or savings accounts by EU savers, rather than invested in European companies. As Irish Taoiseach Micheál Martin argues, “the broader issue of European competitiveness is at stake.”
Ireland’s digital finance ambitions are reflected in its National Payments Strategy, which promotes instant payments that allow consumers to pay merchants directly from their bank accounts without using expensive, and often US-owned, cards. The strategy recognizes it must match cards on fraud, data, and user experience to leverage innovative payment alternatives.
Looking ahead, Ireland supports the European Central Bank’s digital euro plans. If introduced, this digital form of cash issued by the central bank will complement private payment solutions while acting as core public infrastructure to anchor trust, boost pan-European payments, and reduce reliance on non-European products.
Ireland’s position gives it a unique vantage point on the evolution of European digital finance. The country takes over the EU Council Presidency in the second half of 2026, under which it will help shape key initiatives, not only the digital euro, but also the Financial Data Access Regulation (FIDA). FIDA aims to enable consumers to securely share their financial data across providers.
This will unfold alongside new EU payment rules (PSD3 & PSR), to be finalized in 2026, which will strengthen fraud protection, improve consumer safeguards, and advance instant account-to-account (‘pay-by-bank’) services across the bloc. The Central Bank of Ireland is already supporting innovation through sandbox programs that allow firms to test new payment technologies such as fraud-proof AI agents and instant account-to-account systems.
Ireland boasts its own growing fintech ecosystem that can benefit from these European initiatives. Firms such as Fenergo, TransferMate and Wayflyer have reached unicorn status, while others, such as CurrencyFair, are becoming important players in international money transfers and currency exchange. TransferMate is replacing the traditional chain of banks used for cross-border payments, making international transfers work as seamlessly as domestic ones. Fenergo, meanwhile, is automating compliance end-to-end using AI. Together, these firms are rewiring how money moves and how financial institutions operate.
This growth is not accidental. Ireland’s startup ecosystem is actively supported by the government. Enterprise Ireland provides early-stage funding, export support, and international scaling programs. The Collison brothers were turned down by Enterprise Ireland in the late 2000s before building Stripe in Silicon Valley, a gap that today’s ecosystem is designed to avoid. Enterprise Ireland has since backed firms like Fenergo and Wayflyer.
Ireland’s fintech ecosystem is reinforced by its position as Europe’s gateway for global technology firms. Dublin hosts the European headquarters of companies such as Google, Apple, Meta and Microsoft, an increasingly important dynamic as payments become embedded within digital platforms.
Payments infrastructure is increasingly entering Europe’s digital sovereignty debates. Financial services are considered strategically important, alongside semiconductors, artificial intelligence, cloud computing, and defense, with a clear objective: reducing EU dependence on non-European providers such as Visa and Mastercard.
These dynamics are already visible in Ireland. The country’s largest banks (AIB, Bank of Ireland, and Permanent TSB), have launched Zippay, an instant account-to-account payment service developed with European fintech Nexi.
Ireland may not be Europe’s largest financial center. But from the rise of Stripe to the launch of instant payments like Zippay, Ireland has shown how small economies can play a significant role in shaping the future of digital finance.
Padraig Nolan is a Fellow with the Tech Policy Program at the Center for European Policy Analysis. He serves as Chief Operating Officer of ETPPA, a prominent EU fintech association. He is also an advisory board member of the Lisbon-based Europe Startup Nations Alliance. Padraig holds a bachelor’s degree in law and economics (University of Galway) and a master’s degree in European law (Utrecht University).
Bandwidth is CEPA’s online journal dedicated to advancing transatlantic cooperation on tech policy. All opinions expressed on Bandwidth are those of the author alone and may not represent those of the institutions they represent or the Center for European Policy Analysis. CEPA maintains a strict intellectual independence policy across all its projects and publications.
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