30 May 2017
Find out more

Irish e-banking take-up soars

07 April 2009  |  7454 views  |  0 mouse

The popularity of online banking in Ireland has soared over the last year, with 2.2 million customers now registered, a 28% increase on the previous year.

According to data gathered from financial institutions by the Irish Banking Federation (IBF) and Irish Payment Services Organisation (Ipso), 2.2 million customers were registered for online banking by the end of 2008, up 27.8% on the 1.8 million recorded at the end of 2007. Ireland has a population of around 4.4 million.

In addition, there was a 31.6% rise in the number of Internet payments to 30.7 million - equivalent to 84,000 per day. A 33.6% increase, to 123 million, was also recorded in the number of times customers accessed their account balances online.

Pat Farrell, CEO, IBF, says: "We can see from the data compiled to date that online banking is on a significant growth path in Ireland. Comparative figures for 2007 show that the average user here made 14% more online payments and 20% more online enquiries than his/her UK counterpart. However, in a leading online adopter like Norway the average customer made around three times more payments online - indicating that there is considerable scope for further growth."

Una Dillon, head, card services and communications, Ipso, adds: "Online banking is facilitating the migration from cheques and other paper-based payment methods to electronic payments. The move to electronic payments is vital in ensuring Ireland's competitiveness and efficiency within the wider European market."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Online banking bill payers are more profitable and loyal - study

Online banking bill payers are more profitable and loyal - study

02 April 2009  |  12586 views  |  1 comments
Online banking fraud soars in UK

Online banking fraud soars in UK

19 March 2009  |  18936 views  |  1 comments
Online banking gaining ground in financial crisis - Forrester

Online banking gaining ground in financial crisis - Forrester

12 February 2009  |  9950 views  |  0 comments
Credit crunch bites online banking

Credit crunch bites online banking

23 January 2009  |  9688 views  |  1 comments
Canadians top for online banking

Canadians top for online banking

11 July 2008  |  8303 views  |  0 comments
Internet banking growth slows in US

Internet banking growth slows in US

15 April 2008  |  9275 views  |  0 comments
Norwegians love Web banking

Norwegians love Web banking

22 February 2008  |  5715 views  |  0 comments
Bank of Ireland completes EUR10m Web banking upgrade

Bank of Ireland completes EUR10m Web banking upgrade

23 October 2007  |  10216 views  |  0 comments
One slip up and Brits would ditch Web banking - study

One slip up and Brits would ditch Web banking - study

18 September 2007  |  6880 views  |  0 comments
Online bill payment key to customer satisfaction

Online bill payment key to customer satisfaction

17 April 2007  |  10115 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.wavestone-advisors.co.ukDownload the paper nowVisit www.capgemini.com/worldreports

Top topics

Most viewed Most shared
BBVA launches Open API marketplaceBBVA launches Open API marketplace
15423 views comments | 54 tweets | 82 linkedin
Did someone cancel the fintech revolution?Did someone cancel the fintech revolution?
11943 views comments | 51 tweets | 39 linkedin
Bank of America preps data sharing serviceBank of America preps data sharing service
8404 views comments | 22 tweets | 19 linkedin
R3 raises $107mR3 raises $107m
8267 views comments | 17 tweets | 16 linkedin
Digital payments to drive social justiceDigital payments to drive social justice
8266 views comments | 25 tweets | 12 linkedin

Featured job

Six Figure Base + Commission + Stock Options
London

Find your next job