Card is king but will society become a cashless one?

Data from the Central Bank shows ATM withdrawals in Ireland fell by 40% in 2020 compared to the previous year

It’ll be no surprise to learn that the use of cash dropped by half last year compared to 2019. With lockdowns keeping everyone out of the shops, restaurants, and pubs closed, no foreign travel, and cash use discouraged to avoid infection, we all embraced different forms of payment.

The latest data from the Central Bank shows that ATM withdrawals by Irish residents fell by 40% in 2020 compared to the previous year. The data also revealed that the value of ATM withdrawals fell by 32% from the previous year to €14.7bn in 2020.