Pearse Doherty (Donegal, Sinn Fein) | Oireachtas source

Can I explain this to Mr. Palmer again? I am sorry, I do not mean “explain” and that was the wrong way to put it. In other European jurisdictions that do not have confirmation of the payee, the majority, in some cases 93%, of their payments are instant payments and they have this covered by SEPA. In Ireland, instant payments make up approximately 3% so we have the biggest gap in the market. If there was any country that wants to move ahead, it should be Ireland. We have this regulation now and I do not know how long it is going to take to implement. Can Mr. Palmer shed any light on that?