Permanent TSB is set to partner with FIS' Worldpay platform to give business banking customers access to new payment services.

New data from Worldpay FIS shows that contactless transactions increased over 25% in Ireland last year.

PTSB said this new partnership allows the bank to respond to this trend.

"Worldpay offers a comprehensive suite of payment solutions across all payment channels allowing us to further support the growth of businesses," said Jeff Harbourne, Head of Savings and Personal Banking at Permanent TSB.

PTSB said customers will be able to apply for payment solutions through their local branch or via their business banking customer relationship advisor.

FIS’ Worldpay platform processes over $2 trillion in transactions annually across over 100 countries in numerous payments types and currencies.

Gabriel de Montessus, Head of International, FIS Merchant Services, said the past eighteen months have tested businesses around the world, forcing them to adapt to new ways of serving their customers.

"Many of the consumer habits learned during the pandemic are here to stay and businesses need to embrace digitalisation in order to meet these new expectations.

"We’re delighted to be working with Permanent TSB to offer their business customers in Ireland smarter ways to take payments and to help fuel their growth during this period of recovery and beyond," he said.