Value of payments processed by Irish providers rises by nearly 9%

The average value of card payments stood at €40 for domestic card payments, and €75 and €73.5 for Rest of World and other EEA countries respectively

Figures from the Central Bank of Ireland show €5.5tn worth of payments were processed during the first six months of the year. 

The value of all payments processed by Irish resident payment service providers rose to €5.5tn during the first six months of this year, new data from the Central Bank of Ireland shows.

Between January and June, there were 2.3 billion payment transactions recorded by these service providers — a 2.6% increase from the second half of last year and a 23.7% increase from the same period last year when new entrants started to emerge.