Photograph Nick BradshawAn “enormous” $750 billion (€647 billion) in dirty money is being washed through Europe’s financial system every year, a Dublin payments conference has heard. Crime as a service, where cybercriminals rent out their hacking skills, is a “phenomenon”, she told the national payments conference hosted by BPFI (Banking and Payments Federation Ireland). [ Banks eye Zippay instant payments launch before St Patrick’s DayOpens in new window ]The conference also heard about the “imminent launch” of instant-payments service Zippay across the three Irish pillar banks. AIB, Bank of Ireland and PTSB plan to launch the service later this year, challenging Revolut’s dominance in the instant-payments market. Bank of Ireland said an announcement on Zippay will be coming shortly from the three Irish banks.

Source: The Irish Times March 06, 2026 03:41 UTC