Plans by Irish banks for payments app put to full probe by regulator   

The full investigation into the banks' plans for the app will not be taken lightly.

Many Irish consumers now do their banking via online apps.

Plans by Irish banks to develop a banking payments app designed to take on rivals such as Revolut now faces a full probe by the Competition and Consumer Protection Commission (CCPC). 

The competition regulator has put the plan by AIB, Bank of Ireland, Permanent TSB, and KBC to a so-called phase two investigation to develop the app.