Between April and June, 36 million payments were made online, while the use of cheques dropped to 4.8 million - roughly half the number from the same period in 2018.
“Our latest figures show online and mobile banking payments continued to grow strongly in Q2 2022 with volumes growing by 11.7% year on year to 36 million payments,” Gillian Byrne of the Banking & Payments Federation Ireland explained.“This was the highest level recorded since BPFI began collecting this data in 2016. It was also the first time that digital banking payments outnumbered direct debit payments, which stood at 34.9 million.
A woman making a contactless credit card payment at a cafe counter in January 2017. Picture by: Wavebreak Media ltd / Alamy Stock PhotoOverall, the figures suggest that Ireland is on the road to transitioning towards a cashless society. Earlier this year a BOI Payment Acceptance survey found that the businesses were sceptical that cash would be redundant within the next decade - with only 47% believing the transition is likely by 2032.
The survey also found that only 3% of people in Ireland do not use card or digital payments whatsoever; it is a small percentage of the population but enough to force
Jay's don't tell paschal he will want to tax it
The pandemic caused an enormous uptake in use. I don't think the amount of cash I've used or handled in in these last 2 years is 1/10th of what I'd normally have used.
Cash will always be king it's legal tender keep using . We don't need or want a social credit system
This might make you change your mind on a move to Digital Currency
Oppose government...turn off your digital cash....end of.
Brought to you by Spewstalk - the station that told you that the vaccine was 'safe and effective'....
Cash is always king!
Those people celebrating the demise of cash will understand their foolishness when it's gone. Good look buying for something during a blackout or when the 'system is down'.