From TokenPost · · 40s
Irish Central Banker Warns on Tokenized Payments
Central Bank of Ireland deputy governor urges stronger fraud safeguards for tokenized payments after 27.2% rise in fraudulent value.
In brief
Central Bank of Ireland deputy governor urges stronger fraud safeguards for tokenized payments after 27.2% rise in fraudulent value. Irish payment firms face higher fraud risks as tokenized services grow, with €179.04m in fraudulent payments in 2025. Originally reported by TokenPost.
Irish Central Banker Urges Safeguards
Central Bank of Ireland Deputy Governor Mary-Elizabeth McMunn urged payment firms to build stronger fraud safeguards for tokenized services.
Fraud Rates Jump in 2025
Payment fraud value rose 27.2% to €179.04 million in 2025, up from €140.80 million in 2024.
Fragmentation Risk
McMunn warned that payment services developed too quickly without collaboration could fragment the wider system.
What matters most
Irish payment firms face higher fraud risks as tokenized services grow, with €179.04m in fraudulent payments in 2025.
