Irish banks launch Synch Payments joint venture
Synch Payments announced joint venture partnership with AIB, Bank of Ireland, PTSB, KBC Bank Ireland on June 1, 2022.
- Primary
- Synch Payments
- Counterparty
- AIB, Bank of Ireland, PTSB, KBC Bank Ireland
- Amount
- $19M
- Structure
- joint venture partnership
- Date
- June 1, 2022
- Sub-sector
- Neobank
Five major Irish banks formed Synch Payments to compete with Revolut's instant mobile payments dominance and catch up on payments technology.
Source: irishtimes.com