Dáil Éireann Debate, Tuesday - 20 June 2017
275. Deputy Michael Healy-Rae asked the Minister for Finance if a mobile payment and digital wallet service can be introduced across all banks (details supplied); and if he will make a statement on the matter. [27630/17]
Amharc ar fhreagraThe question concerns mobile payment platforms that enable a consumer to make card payments using a mobile phone, tablet, watch or similar device. These platforms offer additional choice to consumers. Two international mobile payment platforms launched here over the past six months and several banks are already participating and offering these services.
I am supportive of innovation and increased competition in the payments market, but the decision to participate in a mobile payment platform is ultimately a matter for each individual bank.
In the present environment, where a number of providers are offering mobile payment services, I would encourage consumers to contact their bank to see what is available to them and to consider moving to another bank, where possible, if the offer is not satisfactory.
In this regard, as the Deputy may be aware, my Department recently ran a media campaign to raise awareness and promote consumer switching in retail banking markets. This initiative was funded in its entirety by AIB and Permanent TSB as was agreed in the context of both banks’ restructuring plans.
