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Banks pump €3.2m into firm behind axed app to rival Revolut

AIB, Bank of Ireland and PTSB have injected fresh funding into Synch Payments as they move to wind up the firm

Ireland , Synch-payments ,

Irish banks' proposed rival to Revolut ceases operations

Latest news on Ireland's companies and busines organisations and their impact locally, nationally and globally.

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Banks end plans for mobile app to rival Revolut

The plans for Synch first emerged in early 2021

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Plans by banks for instant payment app may be further delayed

Plans by the banks to launch an instant payment mobile phone app could be further away after they decided not to seek authorisation from the Central Bank.

Italy , Ireland , Germany , Italian , Consumer-protection-commission , Central-bank , Information-service-provider , Payments-federation-ireland , Payment-initiation-service-provider , Companies-office , Synch-payments

More delays for Synch, Irish banks' rival to Revolut

More problems have beset a rival to payments app Revolut being set up by Irish banks, after the firm behind the initiative has been told it needs clearance under EU rules.

Ireland , Germany , Italy , Italian , Central-bank , Payments-federation-ireland , European-union-payments-services-regulation , Synch-payments , Payments-federation ,

Bank-backed Irish payments app faces more delays

Synch Payments, the mobile payments joint venture set up by Ireland's leading banks, will not launch until at least next year after being told it needs approval under EU rules.

Ireland , European-union-payments-services-regulation , Ireland-competition-consumer-protection-commission , Synch-payments , Consumer-protection-commission , Finextra , News , Online , Bank , Banking , Technology

Synch Payments delayed over regulatory requirements

Synch Payments delayed over regulatory requirements
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Ireland , Payment-initiation-service-provider , Consumer-protection-commission , Central-bank , Information-services-provider , Synch-payments , Account-information-services-provider ,