LIMERICK consumers should have access to more banks from across Europe, which would cut costs and bring more competition into the banking market.
That’s according to Fine Gael candidate for Ireland South in the upcoming European elections, John Mullins.
“Just like airlines being able to operate in other countries under the Open Skies policy, so too should banks under an Open Banking policy,” Mr Mullins said.
“We have seen how successful Revolut has been since it came here, but we need more than that. With very little competition in any market, it is essentially the consumer who suffers and that is what is happening with banking in Ireland right now.”
Mr Mullins is a first-time candidate standing for the upcoming June 7 elections.
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