Irish Banks Plan Mobile Payments System to Counter Revolut

Ireland’s three retail banks say they will introduce a mobile payment service next year.

Zippay, a joint collaboration by AIB, Bank of Ireland and PTSB, is set to debut in early 2026, the Banking and Payments Federation of Ireland (BPFI) announced Monday (Sept. 8).

According to the announcement, Zippay will be an in-app service provided through the lenders’ mobile banking apps, delivered by PayTech company Nexi. Users will be able to instantly send, request and split payments using the mobile number of contacts who are also on the service.

“Developed in response to customer feedback and demand, this will provide a quick and easy way to send and receive money or split bills with friends, family and contacts who are also Zippay users,” said Brian Hayes, chief executive at the BPFI.

Read more.