The Central Bank of Ireland has granted an e-money licence to Facebook, which will allow the company to launch P2P payments through its Messenger app across Europe.

The licence was granted to Facebook Payments International Limited (FBPIL) in October 2016.

It will enable Facebook users to issue donations to charities registered in the European Economic Area (EEA); and peer-to-peer payments.

Since Ireland is a member of the European Union, Facebook will be able to offer its payment services throughout the other 27 EU member states.

Until this point, the payment service only worked in the US.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.