Permanent tsb has announced that its Personal and SME customers will benefit from Google Pay from today.
The feature is the latest extension to permanent tsb’s digital banking offering and will be available to all Personal current account and credit card customers and to SME current account customers with business debit cards.
In Ireland, 73% of consumers are planning to use contactless wherever possible[1] and from today, permanent tsb customers will be able to use their Android phones to make payments in-store, online and in-app.
They can add multiple cards to their mobile wallet and make payments in the knowledge that their payment is secure, safe and private, using Google technology which replaces card details and personal data with a unique token.
In addition, while debit cards are subject to a €50 maximum limit for individual contactless transactions, Google Pay provides customers with the ability to make contactless payments for transactions in excess of €50.
With contactless payments in Ireland increasing by 62% YoY (2021 v 2021)[2], Google Pay is the latest mobile payments option launched by Permanent TSB and follows the introduction of Apple Pay last year which saw a significant adoption rate amongst customers.
Customers with permanent tsb’s flagship Explore Current Account will earn 10c cashback every time they use Google Pay to make contactless payments linked to their debit cards.
Jeff Harbourne, Head of Personal Banking at permanent tsb, said:
“Google Pay is an excellent addition to the payment options we offer our Personal and SME customers. It is a further demonstration of our commitment to meeting our customers’ needs. We estimate that approximately 60% of our current account customers use Android phones and we expect a very positive reaction to Google Pay from them.”
[1] Wakefield Visa Consumer Survey, June 2021
[2] BPFI Payments Monitor for Q1 2021. May 2021
