Dublin-based 3V Transaction Services has secured €5m in funding from TTV Capital to finance its expansion into the US and European markets next year.

The number of online purchases made by Irish people is expected to rise by 40% this Christmas as consumers go in search of savings on the internet, according to online payments company 3V.

Irish online payments company 3V Transaction Services is set to launch its pay-as-you-go VISA voucher product in the Benelux region, the company said.

3V Transactions Services has announced a partnership that will all 3V customers in Ireland to download music directly from a newly created website.

Pay-as-you-go VISA voucher company 3V has sealed its position among the elite of European technology companies by winning the prestigious Red Herring 100 Europe 2007 award.