TrueLayer appoints new Truelayer Ireland CEO, Basil Bailey

Dublin/ London- TrueLayer, the UK’s largest Pay by Bank network, has announced the appointment of Basil Bailey as the CEO of TrueLayer Ireland and General Manager of TrueLayer’s European business.

In his dual role, Basil 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 of Ireland. He will also manage TrueLayer’s European operations. Additionally, Basil has been appointed as an Executive Director of the TrueLayer Ireland board.

Basil brings a wealth of leadership experience within the payments industry. He has 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.

Basil 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.

Prior to this Basil was the Chief Commercial Officer of Orbiscom which was subsequently acquired by MasterCard where he then worked for many years holding a number of key senior positions most recently as VP of Global Strategic Alliances. Prior to entering payments Basil had an extensive career in IT and Telecoms where he held many senior marketing and commercial positions including being Marketing Director of Horizon Technology Group and also Esat Telecom where he was MD of their SME business.

Basil joins TrueLayer at a time of significant growth, as the company’s leading Pay by Bank solution is gaining rapid adoption among e-commerce merchants and consumers. With more than 10 million users, TrueLayer is one of Europe’s largest Pay by Bank providers, and has processed more than $64 billion in payments to date.

TrueLayer is based in the UK, where it processes almost half of all Open Banking payments in the country. In the past year, TrueLayer grew revenue by more than 50% and onboarded major clients such as Ryanair and Just Eat, joining established partners like Revolut and Lastminute.com.

“

“I’m thrilled to have Basil joining the TrueLayer team to lead our EU regulated entity from Dublin. Ireland and Europe are major growth markets for TrueLayer, and Basil’s strong leadership and deep payment experience will be crucial as we enter our next phase of growth and continue to revolutionise the payments industry.”

Francesco Simoneschi, Co-Founder and CEO of TrueLayer

“

“I’m very excited to join TrueLayer at such a pivotal point in its journey. 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.”

Basil Bailey, CEO of TrueLayer Ireland