Payments network company TrueLayer has appointed Basil Bailey as the CEO of TrueLayer Ireland and General Manager of its European business.
TrueLayer is one of Europe's largest Pay by Bank providers, and has processed more than $64 billion in payments to date.
Its clients here include Ryanair, AIB, Bank of Ireland, PTSB and Flutter Entertainment.
TrueLayer is based in the UK, where it processes almost half of all Open Banking payments in the country.
In his dual role, Mr Bailey will oversee the commercial and regulatory functions of TrueLayer Ireland, which holds a European Payments Institution (PI) license and is regulated by the Central Bank here.
He will also manage TrueLayer's European operations.
Previously, Mr Bailey held the role of Managing Director of JPMorgan's acquiring business in EMEA and served as CEO and director of the company's two European acquiring and issuing entities.
He has also held senior roles at Fiserv as well as PayPal where he was Global Director of Financial Services, and at Borderfree as Director of Global Consumer and Commercial Payments. He has also worked Orbiscom, Horizon Technology Group and also Esat Telecom.
Basil Bailey, CEO of TrueLayer Ireland, said that with more and more major merchants starting to offer TrueLayer's Pay by Bank option to their customers, TrueLayer is truly changing how the world pays.
"I look forward to bringing my payment experience to the table and being a part of the TrueLayer team for this revolutionary journey," he added.
