Irish bank payments app JV hits competition watchdog roadblock

Irish bank payments app JV hits competition watchdog roadblock

Ireland's competition watchdog has rejected a plan by four of the country's biggest banks to create a joint payments app, but says it is willing to "further engage" on the issue.

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U.S. Banks Are Terrified of Chinese Payment Apps

If mobile payment apps became as popular in the U.S. as they are in China, banks would lose a projected $43 billion in revenue annually. Bloomberg QuickTake explains how cheap and easy payments by phone are threatening one of the banking industry’s most profitable businesses.

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What is the SWIFT payment system?

Following Russia’s attack on Ukraine, the EU and the US announced measures to block selected Russian banks from the SWIFT payments system. What is SWIFT? Watch this report to know more about it.


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