Seán Sherlock (Cork East, Labour)
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284. To ask the Minister for Finance if he has been notified of the withdrawal by a bank (details supplied) of its digital payments service from Ireland; and if he will make a statement on the matter. [51592/22]

Paschal Donohoe (Dublin Central, Fine Gael)
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It should be noted that the Minister for Finance has no direct function in the operations of commercial banks.

The company in question announced in February 2022 that they would serve their Irish customers using their European banking license, authorised in Lithuania, going forward.

The company is now passport banking services, such as a current account and range of credit products, to Irish customers using its authorisation as a Lithuanian bank.