eCOMM Merchant Solutions Scoops The Irish Times Innovation Award for Instant Payments
Fintech's solution brings much needed relief to small merchants
An innovation with the potential to change the lives of countless small merchants has just won the Irish Times Innovation Award for IT Fintech. The announcement was made during an awards ceremony which was streamed live from Dublin.
The idea was the brainchild of husband-and-wife team Noel and Valerie Moran, who set up their fintech company eCOMM Merchant Solutions in 2014 and which operates out of offices in Ireland, the UK and Lithuania. Speaking about the inspiration behind the idea, Noel Moran commented, "As entrepreneurs ourselves, we were keenly aware of the delays faced by smaller businesses in getting access to the funds they receive via cashless payments as much as 3 days for many. In a world that is becoming increasingly cashless, this can be a big source of stress leaving some merchants without their working capital and so unable to trade."