Donal McGuinness, CEO at Prommt the legacy of Smartphones and their Impact on the Financial Sector

Online payment is one of the latest activities to be transformed by smartphone technology, as more and more consumers opt for the convenience of their mobile device to complete transactions.

According to a Statista survey from December 2021, 33 percent of respondents said they purchased via the mobile channel every day or week. Donal McGuinnes CEO Prommt believes that smartphone technology still has a greater role to play in business transactions, particularly where risky over-the-phone solutions are being employed. 

Ronan talks to Donal about Revolut, how smartphones have changed the way we think about payment, payments over the phone, open banking and more.

More about Donal McGuiness:

Serial entrepreneur Donal McGuinness is CEO of Prommt. He studied Computer Science at DCU and Telecommunications Engineering at DIT and spent the early years of his career in the telecommunications industry.

His experience in mobile payments dates to 1999 when he founded his first mobile payments company, ItsMobile. Donal was also a Non-Executive Director of the Irish Internet Association from 2009 to 2011 and a movie distribution business from 2002 to 2020.

In 2016 Donal joined a silicon valley startup in the identity verification space called Danal inc, where he set up and grew the global business outside of the USA as General Manager of EMEA until 2019 when the business was acquired by Boku Inc for $112 million USD.

Donal joined Prommt as CEO in 2019. He is an innovator and is passionate about payment innovation.