Irish central bank says payments strategy needs drastic change

Deputy governor says sector is slow to change and backs draft “access to cash” law

The Central Bank of Ireland
The Central Bank of Ireland
William Murphy

Ireland’s central bank has outlined a new “national payments strategy”, as a senior official said its financial sector was “lagging behind” some other European countries.    

Since the last national payments plan, over a decade ago, “a lot has changed”, the Central Bank of Ireland’s Vasileios Madouros said today (March 4). “But there are also important areas where Ireland’s payments landscape is still lagging behind,” the deputy governor for monetary and financial stability added. 

“Most notably

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