4. Payments Roadmap

4.  Payment roadmap

The RBR recommended that the NPS “set out a roadmap for the future evolution of the entire payments system, taking account of developments in digital payments, the use of cheques and other issues”. Accordingly, this section seeks to detail the change in payment behaviours and attitudes in Ireland over the last decade, covering trends in the use of the main means of payment in Ireland, including, digital payments, cash and cheques.

The section also covers salient issues in the world of payments, which are particularly relevant in an Irish context, such as a review of the 2013 NPP, an assessment of payment data published by the Central Bank, the extent to which it addresses existing data gaps as well as considering further research and analysis on payments. In addition, this part of the Consultation Paper considers payment fraud, and the extent to which the European Commission’s proposals on PSR and PSD3 addresses prominent payment fraud issues in Ireland. The current state of play in the provision of instant payments in Ireland is also examined, specifically seeking views on how best to counter the current low take-up in Ireland. The issue of open banking is explained with questions posed to help us identify existing barriers in an Irish context. Finally, the digital euro as a coming feature of the payment landscape is set out.