PayPal’s Irish expansion rewarded with profits

PayPal’s recent massive expansion in Ireland continued to pay dividends last year with pre-tax profits at its main Irish firm increasing by 6% to €11.9m.

The online payment firm announced 1,000 jobs at its Irish operations in 2012, and new figures show that revenues at PayPal Europe Services Ltd increased by 17% from €130.5m to €152m in the 12 months to the end of December.

The company has its European HQ in Blanchardstown, where it hosts PayPal’s European customer services and financial services functions for the European market.