Oireachtas Joint and Select Committees

Wednesday, 28 June 2023

Joint Oireachtas Committee on Finance, Public Expenditure and Reform, and Taoiseach

Authorised Push Payments Fraud: Discussion (Resumed)

Mr. John Palmer:

Well aside from one the well known banking app that many of us use, very little. Although instant payments were permitted and allowed under PSD2, there was no real take-up of the system here. That is quite common. Some countries did do it, but most did not. That is one of the reasons why they brought out the SEPA instant proposal to make it the norm.

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