Ireland’s three major banks are combining forces to launch Zippay, an instant payments service designed to compete with Revolut, two years after abandoning a previous €17 million venture that never reached market. AIB, Bank of Ireland and Permanent TSB will roll out the mobile payment platform early next year, targeting their combined five million customers … Read more
Irish mortgage interest rates remain the third lowest in the Eurozone, despite the European Central Bank (ECB) beginning to raise them. The most recent rate increase, which brought the rate to 2.5% last Thursday, was one of many that the ECB has announced as part of its efforts to combat the inflation crisis. These increases … Read more
Consumers’ use of digital banking has hit a record high as contactless payments continue to surge, new figures show. Online and mobile banking volumes grew by almost 12 per cent to 36 million payments in the second quarter of this year to reach the highest level since the data series began six years ago, According … Read more