Future money: “Android Pay” launches for Irish market
It's certainly a week for tech news, as Android Pay arrives on the scene, allowing customers to pay using their mobile phone.
8 December 2016
Android has unveiled a new partnership with payment providers and banks including Visa, Mastercard, AIB and KBC this week, which allows store customers to use their mobile to pay in stores across the country, at existing contactless point-of-sale terminals.
In its launch of the new technology, Visa cited the results of its 2016 Digital Payment Study, which said that 80% of 18-24 year olds in Ireland already use their mobile device to monitor their money or pay for items. The company predicts that by 2020, mobile devices will comprise 50% of all transactions.
Meanwhile, AIB enlisted Republic of Telly star Joanne McNally to inform the public of the new payment option…
“Consumer demand for mobile contactless payments, combined with the fact that an overwhelming percentage of people in Ireland own a smartphone means that the pieces of the puzzle are coming together for a seismic shift from plastic to digital,” said Philip Konopik, Visa’s Country Manager for Ireland. With today’s launch of Android Pay, it is clear that mobile solutions will fast become a preferred way to use a personal credit or debit card.”
According to Visa, 1 in 5 face-to-face transactions in Ireland today are contactless. Android Pay can be used wherever contactless payment is accepted.