Bart H.

Zippay challenges Revolut in Ireland’s instant payments market. AIB, Bank of Ireland, and PTSB are set to launch Zippay, a digital service enabling instant send, request, and split payments directly from bank apps, aiming to rival Revolut’s dominance in P2P transfers. Zippay is an interoperable instant payments service built into participating banks’ apps, allowing users to send money to contacts in a few taps without needing IBANs or moving funds to a separate fintech wallet. Meanwhile, Revolut has around three million users in Ireland, with about half a million teenagers, making it a key financial service provider for the next generation. The launch could test whether traditional banks can close the convenience gap and defend their core relationships in current accounts and deposits. Source/More info: https://lnkd.in/eKJKdBMf This and more in the newsletter! Sign up here: https://lnkd.in/ecvqiKBY Find this helpful? [ 𝗿𝗲𝗽𝗼𝘀𝘁 ] Anything to add about this subject? [𝗶𝗻𝘃𝗶𝘁𝗲𝗱 𝘁𝗼 𝗰𝗼𝗺𝗺𝗲𝗻𝘁] Nice story. Next! [ 𝗹𝗶𝗸𝗲 ]

16

ElevenLabs + Revolut. We're deploying ElevenLabs Agents across Revolut's customer support - a company that has reimagined what financial services can be and scaled to 70M+ customers globally with relentless focus on product and execution. Both our companies obsess over metrics - and the numbers look great: - 8x faster resolution - 99.7% success rate - 30+ languages - 24/7 support Revolut tested every provider and chose ElevenLabs for voice quality, latency, security, and partnership. Operating across nearly 40 markets, they needed complexity and speed without sacrificing quality. Their team is world-class and moves fast - so it was even more for our Forward Deployed Engineers to be embedded with them for months, building and iterating together to get this right.

4,054

121 Comments

🚨 Are digital fintech / (neo)banks really killing legacy banks? Reality check - not so fast. At least not yet… One of the biggest digital banks in the world just admitted: 👉 “We’re not happy.” See here https://lnkd.in/eT3q6Hik 🌍 Revolut: global scale, but the “main bank” hurdle is real Deep dive into one of Revolut’s most mature markets: Ireland On paper, Revolut looks unstoppable on this market: • 3M+ customers • 429,000+ under-18 users • 27,500+ business customers In a country of just over 5 million people, that penetration is massive. Theoretically, Revolut is already one of Ireland’s biggest “banks.” And yet… ⚠️ The uncomfortable reality Downloads and sign-ups do not automatically mean becoming the main bank. Revolut’s Ireland lead recently acknowledged that the proportion of Irish customers using Revolut as their primary account is “relatively low” - later specified as less than 5%. Personal disclaimer: I have a Revolut account since 2017. Great platform, but not my main, neither secondary account. Again, the question is surging today: what is really the “main account”? (I’ll share my thoughts on this in a future post.) Big in adoption. Big in engagement. Still marginal where it matters most: the core banking relationship. 📈 Chime: fintech momentum in the U.S. According to J.D. Power: 👉 13% of all new checking accounts opened in Q3 2025 were with Chime - more than any major bank. Additional growth signals: • 9.1M active members (+21% YoY) • Fastest-growing segment now earns $75,000+ annually That’s real penetration at national scale. 🧠 What this means for incumbents Ireland (Revolut) shows: 👉 Fintech can dominate adoption without fully owning the core relationship - yet. The U.S. (Chime) shows: 👉 Fintech can scale incredibly fast once product fit and distribution click. Yes - there is still time for incumbents. But that time is not unlimited. ⏳ The clock is ticking. Chime and Revolut next strategic push is clear: turning secondary wallets into the primary bank account. 🚨 Here is the uncomfortable question for incumbents: ❓ How do you compete with fintech-grade speed, UX, and product innovation ❓ When your core banking platform is 40+ years old ❓ And every meaningful change takes quarters or years? You don’t rip and replace a legacy core. And you don’t win by standing still. You win by: • Launching modern products alongside the legacy core • Using modular, API-first banking platforms • Letting fintech-grade experiences run in parallel, not in conflict Agora Financial Technologies #Fintech #DigitalBanking #Neobanks #CommunityBanks #CreditUnions #BankingTransformation #Innovation #CustomerExperience

14

4 Comments

Zippay 🆚 Revolut: The battle for Ireland’s 🇮🇪 instant payments. In the next few weeks, AIB, Bank of Ireland and PTSB will launch Zippay: Zippay is a new digital payment service that will allow customers to instantly send, request, and split payments with people in their contacts who bank with participating institutions. An Post, Avant Money, and several credit unions are also in advanced discussions to join the platform. First announced in September, Zippay will be integrated directly into the mobile apps of the three banks, making person-to-person payments easy to access through a simple login and just a few taps — similar to the experience Revolut already offers. Revolut, however, already has strong momentum. With around three million users in Ireland, it now rivals AIB, the country’s largest bank, reaching roughly three-quarters of the adult population 🤯 Notably, about half a million of those users are teenagers, positioning Revolut as the preferred financial platform for the next generation. Read more about it in this article: https://lnkd.in/d_2bJUmR Now over to you: Do you think Zippay can realistically compete with Revolut and win back market share over time?

51

14 Comments

Dublin merchant risk software startup ZeroRisk raises $4 million led by Elkstone to expand in the U.S. and grow headcount ZeroRisk.io, a Dublin-based startup that develops merchant risk and compliance management software for financial institutions, has raised $4 million in a funding round led by Elkstone. Founded in 2023, the company sells a cloud-native platform designed to help banks and other payments players manage merchant risk, PCI compliance, and broader cybersecurity requirements through real-time analytics, dynamic risk scoring, and automated compliance workflows. The new capital will be used to expand ZeroRisk’s presence in the U.S., where it says it already serves Tier 1 acquiring banks, while also supporting wider global growth. The company said it plans to hire 40 employees across data science, user experience, product, engineering, and sales and marketing. The raise comes as financial institutions face growing pressure to manage merchant portfolios against a backdrop of rising cyber threats and increasing regulatory complexity.

3

1 Comment

Some really interesting facts underlining the continuing evolution of Irish payment trends in the latest Banking & Payments Federation Ireland Payments Monitor covering 2025. Over 1.6 billion contactless point of sale (POS) payments, valued at over €30 billion - up 6.8% and 12.6% respectively. Of the 298 contactless payments made per person in Ireland on Irish cards in 2025, 159 were made through mobile wallets. Cash withdrawal activity, including ATMs and cashback in shops, has declined. The number of cash withdrawals using cards fell by 7.1% year on year to 82.2 million in 2025, while the value of those withdrawals fell by 4.2% to €12.2 billion. https://lnkd.in/ePXmuhzJ

27

Zippay, the Irish banks’ instant payments product, will start launching to customers on Tuesday, touting itself as an easier alternative to existing apps like Revolut

1