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Irish Banks Launch P2P Payments Service

Ireland’s three largest retail banks—AIB, Bank of Ireland and PTSB—are rolling out Zippay, a peer‑to‑peer mobile payment service developed by Nexi, starting 10 March. The app, embedded directly within each bank’s existing mobile platform, will initially reach a potential user base of more than five million Irish account holders. Zippay allows users to send up to €1,000 per day and request up to €500 per transaction using phone‑book contacts, positioning the banks against fintech challenger Revolut. The launch revives the abandoned Synch Payments project, but with tighter integration for faster adoption.