Ireland becoming a cashless society as digital payments surge

The Banking and Payments Federation Ireland found that during Q2 digital banking payments have outnumbered direct debit transactions for the first time, while contactless transactions also surged.

Contactless payments surged with €49m worth  carried out per day in Q2.

Ireland continues to move towards a cashless society post-pandemic, figures from a recent report by a banking representative group show.

During Q2 digital banking payments outnumbered direct debit transactions for the first time, according to the Banking and Payments Federation of Ireland (BPFI).