Tag: myPOS

JustTip partners with myPOS to streamline solutions for customers

Irish fintech startup JustTip has announced a strategic partnership with myPOS, the payments platform that powers seamless transactions across Europe. The collaboration integrates JustTip’s award-winning cashless tipping and service charge management technology directly into myPOS card terminals, delivering a powerful, fully compliant solution for the hospitality industry.

The integration allows customers to pay both their bill and a tip directly on a myPOS terminal, with payments routed to the merchant’s account, and tips automatically separated, processed, and distributed through JustTip’s transparent platform. Businesses gain access to real-time reporting, automated allocation, and written distribution policies that support compliance with Irish legislation.

In the first 12 weeks of the partnership, the collaboration, which is being rolled out across Europe, has processed more than €3 million in payments and €350,000 in tips, working with renowned clients including Marco Pierre White, Variety Jones, and Farmer Browns.

“Hospitality is under immense pressure to cut costs while keeping staff motivated and compliant with complex legislation,” said James Fahy, co-founder and CEO of JustTip. “By combining our technology with myPOS’s trusted payment infrastructure, we’re giving businesses a powerful, cost-saving solution that eliminates admin headaches, ensures transparency, and puts more money into staff’s pockets.”

The partnership also helps businesses reduce costs, eliminating the 11.15% PRSI charge on tips, while ensuring compliance with legislation in the UK and Ireland’s amended Payment of Wages (Tips and Gratuities) Act 2022, which requires employers to show complete transparency on all tips as well as provide a breakdown of electronic tips and their distribution.

Founded in 2021 by entrepreneurs James Fahy and Ciara Walsh, JustTip emerged in response to outdated tipping practices that lacked transparency for staff and employers. Today, it is trusted by more than 650 companies across Ireland and the UK and is scaling rapidly into new European markets, bringing its unique blend of cashless tipping and tax-efficient automation to more businesses.

“This partnership is a major milestone for JustTip,” added Fahy. “It shows the appetite across Europe for modern, transparent solutions that not only keep businesses compliant but also strengthen trust between employers, employees, and customers.”

myPOS obtains e-money licence from the Central Bank of Ireland & plans to grow local team

Award-winning fintech myPOS is announcing today that it has received authorisation as an Electronic Money Institution (EMI) from the Central Bank of Ireland, the country’s financial services regulator.

myPOS, which provides point-of-sale payment acquiring and payment solutions to more than 150,000 small and medium-sized merchants in more than 30 European countries, plans to grow its Dublin-based team to around 30 by the middle of next year.

“Our international growth demands a talent pool, a strategic location and a robust legal and regulatory framework, and Ireland offers all of these,” said Stephane Pilloy, CEO of myPOS Ireland.

He added: “We are excited as the new EMI authorisation will enable us to bring all regulated services under the myPOS Group umbrella, therefore becoming even more efficient at empowering small businesses across Europe and accelerating our growth strategy.”

Minister of State at the Department of Finance, Seán Fleming TD, said: “I would like to congratulate myPOS on its new Irish license. The Government is focused on improving Ireland’s status as a global fintech hub, and I am pleased that myPOS has chosen Ireland as its European regulatory headquarters. All the best to the entire team and I look forward to following their success in the future.”

The new myPOS EMI authorisation comes in the wake of news that the fintech company is planning to open its second store and experience centre in France, while earlier this year it continued its expansion by opening stores in Rome and Bucharest. A Dublin experience centre is also planned for 2023.

Martin Shanahan, CEO, IDA Ireland said “The myPOS expansion is impressive and we are delighted that another of the world’s most dynamic organisations, which puts innovation in payments at the service of its merchants, has chosen Ireland as its European regulatory headquarters.”

myPOS is the only payment service provider in Europe that gives SMEs instant access to their funds from card transactions, at no added cost. As a result, more and more businesses are choosing myPOS, as shown by the continued growth in the platform’s transaction processing in the last year. The company is expected to meet its targeted annual growth of more than 60% and reach €8 billion in total payment volume, with circa 200k POS terminals in circulation.