Jan O'Sullivan (Limerick City, Labour)
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263. To ask the Minister for Jobs, Enterprise and Innovation the status of progress on the development of the M1 digital payments fin tech corridor, as recommended under the regional Action Plan for Jobs initiative; the actions IDA and Enterprise Ireland have taken to date to develop and promote the concept; and if she will make a statement on the matter. [25180/17]

Mary Mitchell O'Connor (Dún Laoghaire, Fine Gael)
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The M1 Payments Corridor (M1PC) is an industry group of payments and online transacting companies aimed at promoting regional Fintech development in the North-East.

To progress this initiative, a specific action was included in the IFS2020 2017 Action Plan. The FinTech & Payments Association of Ireland is cooperating closely with the M1PC group to develop the project further.

This initiative is also included in the Regional Action Plan for Jobs (APJ) for the Border Region. IDA Ireland, together with Enterprise Ireland and other stakeholders, are working actively to take this forward and are providing updates through the North East Regional APJ Implementation Committee.