The app will allow locals to transfer money instantly, in a move seen as a direct response to Revolut.
Ireland’s three pillar banks, AIB, Bank of Ireland and PTSB, have announced plans to roll out a new person-to-person mobile payment service called Zippay.
The app will allow locals to transfer money instantly, in a move seen as a direct response to Revolut.
The banks say it could reach up to five million people, with hopes it will be extended to other financial institutions.
Brian Hayes, CEO of the Banking and Payments Federation of Ireland, says extra fees are not expected to be attached to the service.

Lidl To Open Country’s First Net Zero Energy Store In Maynooth This Thursday
Contract For Maynooth Eastern Ring Road Project Awarded To Compnay Based In Kilcullen
Policy Shift Allows Private Sector To Construct Wastewater Plants For New Housing
End Of An Era At Berney Bros Saddlery In Kilcullen As Master Craftsman Retires After 51 Years
Parents Invited To Take Part In Major Survey On Primary Education’s Future
€102,600 Granted For Repairs To The Ballymore Eustace Liffey Linear Golden Falls Loop Walk
New "Affordable" Naas Homes Cost More Than Families Are Allowed To Borrow From Council
Accessibility Upgrades Completed At Athy Station