WEALTH July 16, 2026 0 Comments

Bank of Ireland’s Q2 Digital Surge: What This Means for Investors and the Future of Banking You Can’t Afford to Ignore

Ever notice how your smartphone feels more like a wallet these days—and your ATM card, well, maybe a bit underrated? Bank of Ireland’s latest numbers tell a fascinating tale: mobile banking logins surged by 5% in Q2, while ATM transactions slid down by 6%. It’s like the digital revolution is sprinting ahead, leaving cash machines in the dust. Now, what does that mean for banks, businesses, and you—the savvy consumer of the digital age? With nearly 1.5 million app logins on a single day and contactless payments skyrocketing by 13% from the previous quarter, the shift towards instantaneous, convenient transactions isn’t just a trend; it’s a tidal wave. And as retailers basked in the glow of over 2.8 million point-of-sale transactions on a busy Friday, it’s clear: the way we pay is evolving fast—sometimes faster than we even realize. So here’s the kicker: how will the banks keep up with this pace, blending old-school service with bleeding-edge tech? Let’s dive in and unpack the numbers, the strategies, and the future unfolding right before our eyes. LEARN MORE

Bank of Ireland saw a 5% increase in mobile banking logins during the second quarter as ATM transactions declined 6% compared with the same period last year.

New figures published by Bank of Ireland show continued growth in digital transactions and Friday, 1 May was the busiest day for the bank’s app in Q2 with 1.49m logins.

Friday, 29 May was peak for point-of-sale transactions by Bank of Ireland customers, with over 2.8m, a busy day for retailers nationwide.

Q2 point of sale transactions were flat year-on-year, while e-commerce contactless transactions grew by 5%.

There was a total of 125.5mcontactless payments for Q2, up 13% compared to Q1.

In comparison to Q1, SEPA instant payments in Q2 increased by 17% with over 11m. Thursday, 28 May recorded the highest SEPA instant transactions with circa 250,000.

“Customer expectations continue to evolve, with digital engagement growing year on year and card-based payments becoming an increasingly important part of everyday banking.

“At Bank of Ireland, we are making significant investments in technology to enhance customer experiences and strengthen our capabilities across instant payments, AI, cyber resilience and digital services,” said Keith Kiernan, chief information officer at Bank of Ireland.

“While digital innovation remains a key focus, we are committed to investing across all customer channels, including our branch network, contact centres and online services, ensuring customers can bank in the way that suits them best.

“The continued adoption of digital banking reflects customers’ demand for fast, convenient and secure ways to manage their finances.”

(Pic: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images)