74. Deputy Áine Collins asked the Minister for Finance if he has provided approval to An Post to set up the new transaction account. [26558/15]

An Post have been engaged with my Department regarding their proposal to provide a payment account.  There are a number of steps that the company must complete including a statutory consultation with the Minister for Communication, Energy and Natural Resources.  Once the necessary procedures have been completed the proposal will be submitted for my decision.  I understand that the process is at an advanced stage.