# 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.
- Title: Irish Central Banker Warns on Tokenized Payments · TokenPost
- Summary: Central Bank of Ireland deputy governor urges stronger fraud safeguards for tokenized payments after 27.2% rise in fraudulent value. Irish payment firms face…
- Keywords: central bank of ireland, tokenized payments, fraudulent payments, payment service providers, irish, fraud prevention, distributed ledger technology, artificial intelligence, crypto, finance, Central, Banker
- Source: TokenPost — https://tokenpost.com/news/regulation/35902
- Published: 2026-10-20T19:31:50+00:00
- Read time: 1 min
- Topics: central bank of ireland, tokenized payments, fraudulent payments, payment service providers, irish, fraud prevention, distributed ledger technology, artificial intelligence, crypto, finance
## 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.
## Key takeaway

Irish payment firms face higher fraud risks as tokenized services grow, with €179.04m in fraudulent payments in 2025.