Contactless payment cards to increase

  • Contactless payment cards to increase
    Independent.t. E.
    Consumers pay more attention to debit cards and contactless payments, according to the Central Bank of Ireland (CBI).
    https://www.independent.ie/business/irish/contactless-card-payments-increase-37231429.html
    https://www.independent.ie/business/irish/article37231428.ece/1735d/AUTOCROP/h342/2018-08-20_bus_43371448_I1.JPG

  • Email

Consumers pay more attention to debit cards and contactless payments, according to the Central Bank of Ireland (CBI).

In the last three years, the number of payment card transactions has increased dramatically in Ireland, the CBI, said in its latest quarterly report.

There is also some preliminary data suggest that the increase of their use due to credit card and cash transactions.

The growing popularity of banking cards operations by increasing availability of contactless-enabled payment terminals and contactless debit cards.

In the past year, contactless transactions amounted to little more than 80pc of the 152 million increase in the volume of payments via banking and payments payments Federation Ireland last monitor.

While contactless payments can be on the increase, the average fee for contactless transactions remain a small 12.24 euros in the last quarter of 2017 and, according to the KBP, this figure remained stable.

Debit cards account for almost all contactless transactions, which indicates the increased use of debit cards for small payments, where previously consumers could use the cash. In addition, there is a noticeable decrease in the volume and value of cash withdrawals at the ATM in 2016.

Online Business Classes