Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Just briefly, I want to raise the issue of instant payments and non-instant payments in the State. We are very low in relation to instant payments compared to other European countries, which are up at 90% and so on. The issue here is that the new directive that is coming from Europe will require us to identify the individual to whom the money is being transferred, but that will only apply to instant payments across Europe. It will not apply to non-instant payments.