Consumers want to keep cash as an option, survey finds

Online mobile and banking payments hit record highs in Ireland, with nearly €4.8bn worth of contactless payments made in the third quarter of 2022

The Reasonable Access to Cash Bill was drafted following a recommendation in the Retail Banking Review.

The majority of consumers still want the option to pay with cash for goods and services despite the rising popularity of contactless payments, according to a survey by Taxback.com.

Taxback.com’s latest Taxpayer Sentiment Survey, which polled more than 1,200 taxpayers countrywide, found there was widespread support for new Government legislation proposed to protect people’s rights to access and pay in cash and 90% want to keep the option to do so.