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Contactless Payments Amount To €51 Million A Day

People in Ireland spent nearly €51 million euro a day through contactless payments in the first thre...
Caoimhseach Connolly
Caoimhseach Connolly

10:38 AM - 29 Jun 2023



Contactless Payments Amount To...

News

Contactless Payments Amount To €51 Million A Day

Caoimhseach Connolly
Caoimhseach Connolly

10:38 AM - 29 Jun 2023



People in Ireland spent nearly €51 million euro a day through contactless payments in the first three months of 2023.

Over 3 million payments were made each day by people tapping cards and phones between January and March.

The latest figures from the Banking and Payments Federation of Ireland also show online and mobile payments continued to grow.

86% of people here used Internet banking services last year, the fourth highest proportion in the EU, behind Finland, Denmark and the Netherlands.

Gillian Byrne, Head of Payments at the Banking and Payments Federation of Ireland, says despite the popularity of card payments, she believes cash still has its place.

"The contactless payment volume far exceeds any other type of card payments. But in saying that, I don't think it indicates that there will be a demise of cash.

"I think that there are still many people in Ireland that rely on cash on a daily basis, and I think that trend will continue. I think consumers like [to have] choice".



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