Ireland Payments Industry Adapting eCommerce Gateways and Mobile Payment Methods to Boost Cashless Economy: Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit The report titled “Payments Landscape in Ireland: Opportunities and Risks to 2021”, provides a comprehensive analysis of payments industry overview, payments industry undergoing infrastructure modernization, introduction of technological advancements in payments market, leading players in Ireland’s payment market, and the future of payments landscape in the country. Payments Landscape Overview: A payment industry comprise of many different entities relying on each other to operate efficiently and securely. Any payments industry is a network that communicates payment information from one point to another point. The payment process always starts with card brands irrespective of a consumer or a merchant. The card brands allow the merchant to issue co-branded credit cards to consumers and the acquirers to acquire merchants who accept credit cards. The acquirer authorizes card transactions and connects issuing banks. There are various acquires such as Visa, MasterCard, Discover, American Express, Diners Club and many more. Few acquirers process payments by themselves, while other acquirers allow a third-party to use their services and innovative payment technology to add more value to merchants. Modernization of Payments Infrastructures: Over the past few years it was observed that there is an influx of various companies entering the Irish payments industry utilizing eCommerce gateways and mobile payment providers. This trend exhibits significantly that the payments landscape in Ireland has expanded. There are an increasing number of Fintech (financial technology) companies in the payments industry in the recent years. This assured the merchants with a wider variety of selling methods. Payment market is a broad mix of payment vendors and payment technology solutions. The payments industry is currently undergoing infrastructure modernization required for nonbank innovators and addresses the growing customer needs. Over the past few years, more than 15 countries have modernized their payments infrastructures and many other countries are in the planning stage. It is a costly affair for both the system and at the bank level. Cross-border payments inefficiencies are opening doors for new players in the payments market. Ireland’s Payments Landscape: The payments industry in Ireland includes credit transfers, direct debit, cash, payment cards, and cheques as payment instruments. In the year 2016, the Irish government replaced stamp duty with a fee on ATM cash withdrawals. The surcharge is to discouraging the use of debit cards at ATMs and encourage POS transactions. All the debit card transactions at POS terminals are free of charge. Irish consumers are accepting the contactless technology and the government has increased the contactless payment limit. According to Visa, more than 3 million contactless transactions on Visa debit cards were made every week in Ireland witnessing a drastic growth in the payments market. The increase in contactless spending limit and growing adoption of contactless POS terminals by retailers are the major factors affecting the growth in the contactless payments. The leading players in Irish payments market are Allied Irish Bank, Bank of Ireland, Ulster Bank, Permanent TSB, Avantcard, Visa and Mastercard. It is expect that the payments industry in Ireland will continue to grow at a moderated yet healthy rate during the next five years. Meanwhile, the growth in the payments market will be a rebalancing of revenue sources, and powerful disruptive forces will begin to reshape the Irish payments landscape. All the major banks in Ireland such as Kredietbank, ABB Insurance, CERA, (KBC Bank), Allied Irish Bank (AIB), Permanent TSB, Bank of Ireland (BOI), and Ulster Bank offer contactless cards. Way Forward in Payments Landscape in Ireland: Ireland is deploying tools such as P2P tools, mobile payment tools, and contactless cards to encourage digital payments in the country. The process of digitalization and introduction of embedded technological applications has encouraged the growth of online payments using various cards offered by the financial institutions. The innovative growing new trends will pave way for more opportunities in the payments industry in Ireland over the coming years. To know more, click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/financial-services/payments-landscape-in-ireland-opportunities-and-r/142700-93.html Key Topics Covered in the Report: Irish Payment Landscape Market Report Ireland Debit Card Market Report Ireland Credit Card Market Report Ireland Pre-Paid Cards Market Report Ireland Debit Card Market Analysis Ireland Credit Card Market Analysis Ireland Pre-Paid Cards Market Analysis Technological Advancements In Ireland Payments Market Leading Players In Ireland Payments Market Ireland bill Payment Market Research Ireland Money Remittance Industry Alternative payment methods in Ireland Ireland Cards and payments industry trends Consumer payment industry Ireland Ireland Credit Card industry analysis Ireland plastic money market Ireland Credit cards market research Ireland cards and payments market research report M-commerce Market Ireland Ecommerce payment industry Ireland Ireland payment industry Wallet payment market Ireland Plastic Card Money Ireland Follow for Related Links Payments Landscape in the Philippines: Opportunities and Risks to 2021 Payments Landscape in Russia: Opportunities and Risks to 2021 Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications sales@kenresearch.com 0124-4230204 Post Views: 3 Tags: Alternative payment methods in Ireland, Consumer payment industry Ireland, Ecommerce payment industry Ireland, Ireland bill Payment Market Research, Ireland Cards and payments industry trends, Ireland cards and payments market research report, Ireland Credit Card industry analysis, Ireland Credit Card Market Analysis, Ireland Credit Card Market Report, Ireland Credit cards market research, Ireland Debit Card Market Analysis, Ireland Debit Card Market Report, Ireland Money Remittance Industry, Ireland payment industry, Ireland plastic money market, Ireland Pre-Paid Cards Market Analysis, Ireland Pre-Paid Cards Market Report, Irish Payment Landscape Market Report, Leading Players In Ireland Payments Market, M-commerce Market Ireland, Plastic Card Money Ireland, Technological Advancements In Ireland Payments Market, Wallet payment market Ireland