Two million contactless payments made each day

The Banking & Payments Federation Ireland's Payments Monitor for the first quarter of 2022 showed that cheque payments were at an all-time low earlier this year

The monitor showed a 54% year on year increase in the volume of contactless payment methods,

The number of people using cheques as a payment method has hit an all time low while mobile banking continues to soar, according to the latest figures from the Banking & Payments Federation Ireland (BPFI).

The BPFI's Payments Monitor for the first quarter of 2022 showed a 54% year on year increase in the volume of contactless payments, an average of 2.5 million contactless payments per day.