Full investigation to be launched into Irish banks’ proposed shared payments company

Planned rival to Revolut called ‘Yippay’ will be the subject of a CCPC inquiry to determine if it could lead to less competition in the state

8th December, 2021
Full investigation to be launched into Irish banks’ proposed shared payments company
The Competition and Consumer Protection Commission announced this evening that it will carry out the investigation following an extended preliminary investigation. Picture: Getty

The competition watchdog is to launch a full “phase two” investigation into the banking industry’s proposed new shared payments company, it has announced.

The Competition and Consumer Protection Commission (CCPC) announced this evening that it had decided to carry out the investigation following an extended preliminary investigation.

The CCPC determined through that initial work that a fuller inquiry was required to “establish if the proposed transaction could lead to a substantial...

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