News & Insights

Modern, secure and free contactless payments Credit Unions offering the Current Account service, under the currentaccount.ie brand, are delighted to announce a significant enhancement to the service with the introduction of Google Pay and Google Wallet. Current Account Debit Mastercard from your Credit Union can be added to Google Pay and Google Wallet digital wallets, making it easier for those preferring to use their mobile phone to make contactless payments Following the start of the pandemic, contactless transactions have jumped to nearly 80% across Europe. As consumers began to use less cash, many embraced contactless as a safe, convenient and quick payment option – a change that is expected to stand the test of time. To set-up Google Pay and/or Google Wallet, just download the app, follow the instructions and submit a One Time Passcode to complete the process. You can use Google Pay and Google Wallet wherever contactless payments are accepted. You simply hold your mobile phone and/or device near a payment terminal to make a contactless payment. Seamus Newcombe, Chief Executive of currentaccount.ie said, “The use of digital wallet payments provides a safer more secure way to pay that removes the need to handle payment cards, touch physical buttons or exchange cash. It’s the modern way to pay, particularly given the times we live in. And, with the Credit Union Current Account, the good news is contactless payments are free. This latest enhancement to our Current Account will benefit the growing number of people who have discovered the advantages of doing their day-to-day banking through the Credit Union, whilst also supporting their local community”. Sonya Geelon, Country Manager, Mastercard Ireland said, “This new launch is an example of Mastercard’s continued commitment to bring innovation that simplifies people’s everyday daily lives. Today’s rollout empowers currentaccount.ie cardholders to pick the most convenient and safest method of payment that fits their needs and we’re delighted to partner with the Credit Unions to offer this new service.”