There's been a record high in the use of contactless payments.
The Banking and Payments Federation of Ireland says nearly 17.9 billion euro was spent through contactless payment services last year.
That's a jump of almost a third compared to 2021.
Our latest payments monitor for Q4 2022, shows that almost €17.9 billion in contactless payments were made in 2022, the highest level recorded since 2016 and a jump of 31.4% on 2021.https://t.co/lsTN8Hh5kI pic.twitter.com/IHBasjx5Et
— Banking & Payments Federation Ireland (@BPFINews) March 27, 2023
3 million taps per day worth 53 million euro were made in the last quarter of 2022.
The BPFI is hosting a National Payments Conference today.
European Commissioner for Financial Stability, Mairead McGuinness is opening the event.
The aim of the conference is to reflect on the contactless figures and the "forces of change to the payments landscape" in Ireland.
BPFI Head of Payments, Gillian Byrne says customers' preference for digital and contactless payments is here to stay.