Exela Cements Europe Presence with Purchase of Headquarters in Ireland
Exela Technologies, Inc. reaffirms its commitment to grow its leadership position in Europe as a key technology and payments services provider. Exela purchased a standalone multi-level, 25,000 square foot headquarters in Dublin, Ireland. This purchase takes advantage of the value post-Brexit opportunities have provided allowing Exela to acquire a space formerly leased.
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The investment is also a path to expand services in the Irish payment space. Key elements of services Exela is providing via its XBP platform in Ireland include:
- Payment and fraud verification solutions: currently Exela processes 35 million payment transactions per annum
- Supporting the Irish bank migration to digital payment channels
- Maintaining a comprehensive digital archive of all payments transactions to support personal online banking
“For nearly ten years, Exela has offered a utility framework approach to the leading Irish banks by processing and clearing all domestic and cross border cheque payments. The service has grown to over 80% market share in Ireland with our close partnership with the Bank of Ireland, Allied Irish Bank, PTSB and Danske Bank and we aim to continue growing,” noted Vitalie Robu, President of EMEA.
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