Common Mobile Phone Based Payment System.

I can't find a simple answer to this on google: is there a common mobile phone based payment system in Ireland.

By that I mean that it does not matter which bank you are with, you have the app on your phone and can pay contactless in shops, dining facilities, hotels and private individuals by:

• Scanning a QR-Code
• Holding your phone to a beacon
• Entering the mobile number of the person you want to pay

And in all cases the amount gets transferred to the payees bank account regardless of the amount involved (limit is something like 5k).

My son just got back from a weeks holidays here (Switzerland) and he paid everything using the common Swiss system called TWINT. He paid everything from buying a sandwich at the supermarket to his hotel bill. I did a little reading up and is seems to becoming very popular as people like the idea that they don't to give anyone their financial details, they see exactly how much they are going to pay and further charges can't be made against the account.

Seems like we're catching up with Africa!