PayPal to create 100 new jobs with expansion of Dublin office
It is part of plans to establish an AI and fraud data science centre at the office, which will serve as a key spoke in the fintech company's global network.
The news comes as PayPal continues to evolve its Dublin site — which opened in 2003 — beyond its roots as a customer service hub into a centre for innovation at the forefront of the global digital economy.
"As we shape the next generation of digital payments, the talent and innovation coming from Ireland will play a critical role," said Aaron J. Webster, Global Chief Risk Officer at PayPal.
"This expansion reflects both our confidence in the local ecosystem and our ambition to build an AI-driven, data-powered future that embeds trust and safety in every transaction.
"We are proud to deepen our commitment to Ireland and to invest in highly-skilled roles that will help shape the future of PayPal globally."
He added: "Our work to solve some of the most intricate and critical commerce challenges globally is fuelled by the unprecedented scale of our platform and unmatched data at our fingertips.
"We are redefining what is possible by empowering data scientists to push boundaries, harness cutting-edge AI, and transform the future of fraud detection and payment security."
The new roles will span a range of disciplines, including AI engineering, data science, software development, risk modelling and cybersecurity.
These positions will support key strategic priorities such as loss prevention and enhancing outstanding customer experiences, placing innovation at the core of PayPal's global mission.
The hiring initiative is being supported by the Irish Government through IDA Ireland, the country's investment promotion and development agency.
Michael Lohan, CEO of IDA Ireland, said: '"I am delighted with PayPal's decision to create up to 100 new highly skilled tech jobs in Ireland.
"This is a testament to Ireland's enduring appeal as a location for high-value investments.
"We are proud to support this growth and look forward to the continued success of PayPal in Ireland."
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Irish Independent
an hour ago
- Irish Independent
European banks would weather an economic shock, stress tests find
The EBA tested how 64 European banks, including 51 in the euro zone, would react to a prolonged recession across the EU and found none would breach their core capital requirement, and only one would breach its leverage requirement. AIB, Bank of Ireland, Barclays Bank Ireland, Citibank Holdings Ireland and Bank of America Europe DAC were among the banks subject to the stress test exercise. Domhnall Cullinan, the Central Bank of Ireland's director of banking & payments supervision, said: 'On balance, the scenario in use for the EU area is broadly aligned with the 2023 exercise but the impact of the stress test is milder than the results from that exercise. This is mainly due to banks entering the exercise with stronger profitability, and stable asset quality. 'Despite prevailing uncertainty, the benefits of resilience built up in recent years are evident, with banks having sufficient capital to absorb the impact of the severe scenario. Given the uncertainty, there remains a need to maintain and continue to build resilience, both financial and non-financial.' The Central Bank of Ireland pointed out that the stress test is not a pass or fail exercise, and no threshold is set to define the failure or success of banks. Instead, the findings inform the 2025 Supervisory Review and Evaluation Process for banks, which is conducted by joint supervisory teams made up of staff from the European Central Bank as well as the Central Bank in Dublin. The EBA concluded that the results indicate the EU banking system could withstand a severe but plausible macroeconomic scenario, reflecting the resilience built up in recent years, but it urged lenders to maintain adequate capital. European and American banking authorities introduced stress tests after the global financial crisis of 2008 which led to costly bailouts of banks, with Irish taxpayers among those left to pick up the tab. Some elements of the adverse scenario used in the stress tests have already begun to materialise, the EBA pointed out, citing US President Donald Trump's tariffs and the heightened conflicts in the Middle East. Lenders accounting for three quarters of EU banks' total assets took part in the exercise, which simulates the losses they could incur by looking at their performance over a three-year period, using both a baseline and an adverse scenario. Under the latter, worsening geopolitical tensions and protectionist trade policies lead to an increase in energy and commodity prices, disrupt supply chains, and depress consumption and investment. This all leads to a 6.3pc contraction in EU economic output between 2025 and 2027.
RTÉ News
3 hours ago
- RTÉ News
'Overregulation' could force US companies to pull investments in EU
A delegation from the US Congress has visited Dublin and warned that US companies could pull back on investment in the European Union over what the members described as excessive regulation. The members, led by Chair of the House of Representatives' Judiciary Committee Jim Jordan, met Minister of State for European Affairs Thomas Byrne and media regulator Coimisiún na Meán, as well as with representatives from Apple and Meta. The delegation also visited Brussels and London in recent days. Congressman Scott Fitzgerald said the US companies they have met are very frustrated that they are being "overregulated". "America innovates, China replicates and Europe regulates," Mr Fitzgerald said. "The EU is underestimating the level of frustration these companies are expressing and it could force them to pull back on the amount of business that they are doing here in Europe." Mr Jordan said that during the meeting with Coimisiún na Meán Executive Chair Jeremy Godfrey, the delegation expressed concerns that US companies are being overregulated. "We heard from Mr Godfrey the same argument we've heard from everyone else, that they are for free expression and that they follow the direction of the EU. "When we are with the EU, they talk about the 27 member states having their own way of doing things. "So there is a back and forth - EU to Dublin, Dublin to EU - but who is really in charge? "It seems like two layers of bureaucracy that, in our judgement, are infringing on speech and are harmful to American companies," Mr Jordan said. In a post on LinkedIn, Coimisiún na Meán said that it spoke about the critically important role that independent regulation plays in upholding everyone's fundamental rights online, including freedom of expression, in Ireland and across the EU. "We also discussed our work to ensure that online platforms protect the privacy, safety and security of children and young people and the responsibility these platforms have to prevent their services from being used to spread terrorist and extremist content," the commission said.
Irish Independent
4 hours ago
- Irish Independent
Global markets tumble as Trump's tariff reality starts to bite
Japan and the European Union have locked in tariffs at 15pc but many economies have been hit with even higher trade barriers – including Canada (35pc) and India (25pc). The average levy on imports to the world's largest economy is now coming in at 15pc, the steepest since the 1930s. "It's a very high tariff wall," said Deborah Elms, head of trade policy of the Hinrich Foundation. "The cost is going to be significantly higher for American companies and American consumers who will respond surely by buying less," she said. Meanwhile, exporters outside the US are set to see demand fall. "For the rest of the world, this is a serious demand shock," Raghuram Rajan, former India central bank governor and chief economist of the International Monetary Fund, who is now a professor at the University of Chicago Booth School of Business, told Bloomberg TV. On Friday, Asian shares fell 0.7pc, Europe's Stoxx 600 benchmark fell more than 2pc and is on track for its biggest weekly drop since Trump announced his first major wave of tariffs on 'Liberation Day' back in April. In Dublin, the Iseq was down more than 3pc by Friday afternoon. AIB (-5.11pc) and Bank of Ireland (-3.69pc) were among the biggest decliners despite announcing profits this week. Both are seen as barometers of the wider Irish economy. In the US weaker than expected jobs number further darkened investor sentiment. It prompted money market traders to add bets for a rate cut from the Fed at its September meeting. MSCI's broadest index of Asia-Pacific shares outside Japan fell 1.5pc, bringing the total loss this week to roughly 2.7pc. Japan's Nikkei closed 0.7pc lower. The US dollar, which had been on a strengthening streak earlier in the week reversed course after the bad jobs data. The dollar index, which measures the currency against six others, was last down 1pc on the day.
