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Irish consumers favor contactless payments, BPFI shows

Friday 31 May 2019 | 08:57 AM CET

Irish consumers prefer contactless credit and debit card payments, as well as digital banking payments, according to Banking & Payments Federation Ireland (BPFI).

During the second half of 2018, the volume and value of contactless payments both grew by almost 60%, while digital banking payments were up 12.6% over the same period.

Other key findings:

  • 364 million contactless payments to the value of more than EUR 4.4 billion were made by consumers during 2018, almost 1 million contactless payments per day;

  • growth in contactless payments continued, by almost 60% during the second half of 2018;

  • consumers used digital banking (personal online or mobile banking) to make 93.7 million credit transfers during 2018;

  • over one third of consumer debit card spend and almost a half of all personal credit card spend during the first quarter of 2019 has been through ecommerce;

  • the use by Irish enterprises of online as a sales channel is the second highest in the EU (according to Eurostat);

  • the percentage of total sales transacted online is the highest in the EU;

  • 19.9 billion was withdrawn from ATMs in Ireland during 2018.

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