A previous attempt by the banks to bring in an instant payments system, abandoned in 2023, was based around developing a new app. The three domestic Irish banks plan to launch their new instant person-to-person mobile payments service, Zippay, on their apps by St Patrick’s Day, according to sources. A previous attempt by the banks to bring in an instant payments system, abandoned in 2023, was based around developing a new app. In 2020, the Republic’s major banks decided to launch an instant payments mobile app through a joint venture named Synch Payments. The payments landscape has continued to evolve rapidly since the Synch project was dropped, including European banks having to join the Single Euro Payments Area (Sepa) instant payments system early last year.

Source: The Irish Times January 31, 2026 10:30 UTC