Challenger bank N26 has revealed it will invest heavily in Ireland next year.
The company already has about 100,000 users in Ireland.
According to Fora.ie, General Manager Sarunas Legeckas said that 2019 has been a year of strong growth in Ireland.
He added that while challenger banks are often more attractive to young people, users aged over 65 in Ireland doubled in 2019.
What does this mean?
While total adoption numbers in Ireland seem low, the uptake has been impressive given the population is just 4.83mn. technology issues at some of the popular incumbents in the country and a perceived lack of options and service has also made the market ripe for the challenger bank.