Zippay: Irish banks to launch Revolut rival two years after previous effort was scrapped

Service on banks’ apps will allow customers to send, request, and split payments using contacts' mobile numbers

Whilst neo banks have taken the mobile banking industry by storm, increasingly traditional banks are investing much more in customer experience and placing customer value and ESG at the core of their purpose.

The country's three pillar banks are combining to roll out a new instant payments service to compete with Revolut, two years after their previous effort was scrapped.

AIB, Bank of Ireland, and PTSB will launch Zippay early next year, a person-to-person mobile payment service that will be available to the retail banks’ 5m customers.