Tuesday, 22 October 2013

My thoughts on the recent Realex Payments blog regarding our National Payment Plan..


There was an interesting post recently from Colm Lyon at Realex Payments on the National Payment Plan (http://www.realexpayments.ie/the-national-payments-plan-a-missed-opportunity).

I’d agree with him on many points.  The report is nearly two years in the making and for me it really isn’t decisive or potent enough in its approach. 

There are many dynamic payment companies –of all sizes –operating nationally and internationally that are based in Ireland.  We have a vibrant, innovative payments industry with great businesses led by great people.   This report doesn’t really reflect this!

This progressive cohort of businesspeople would prefer to be out there developing viable businesses rather than crafting such reports over a two-year timeframe.  Like me I’m sure they’ve seen a few National payment plans in their time and are pretty pessimistic about what can be achieved via this route.  I suspect that if we looked back at previous payment plans –and what was targeted –it might be a less than successful track record. 

Market change will come from dynamic people making things happen –unfortunately they tend not to be the people who spend time producing reports like this. 

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