What was announced
In an October 14 speech, Deputy Governor Mary-Elizabeth McMunn said payments are changing quickly but trust remains the essential foundation. She highlighted the need for providers and supervisors to address familiar risks—fraud, outages, financial crime and consumer harm—alongside new questions created by technology and market structure. The speech positions resilience and sound governance as prerequisites for useful innovation, not obstacles to it.
Why it matters
The remarks are a supervisory signal for payment institutions and electronic-money firms operating in Ireland or serving Irish customers. Product growth will be judged alongside continuity, safeguards and the clarity of customer outcomes. Firms should expect authorities to focus on whether controls keep pace as payment journeys become faster and more interconnected.
What it means for merchants
Merchants should ask payment partners for clear evidence of outage planning, fraud controls, safeguarding and customer-support escalation. A new payment option is valuable only if those protections remain dependable at checkout and after the transaction.
Read the original announcement
Central Bank of Ireland · 14 Oct 2026This brief summarizes the linked primary source. Claims and reported figures have not been independently audited by Payment Guide.