Revolut closes two Irish firms after dropping e-money licence plan

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Revolut closes two Irish firms after dropping e-money licence plan
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Revolut closes two Irish firms after dropping e-money licence plan via IrishTimesBiz

The spokesman at the time denied suggestions the move was linked to company frustrations with the Central Bank’s approach to regulation. However, he confirmed that the decision would lead to a small number of job losses at the company’s Irish operation.

Separately, The Irish Times reported last week that the Financial Services and Pensions Ombudsman is said to be dealing with an increase in the number of complaints related to Revolut and a phishing scam in which Irish customers are being tricked into divulging their pin codes. Money is then fraudulently removed from their accounts and placed into a separate crypto account, which cannot be traced.

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