Irish consumers tapped their cards more than 1.5 billion times in 2024, topping €26.7 billion worth of transactions. Every time they do, a till machine and its software initiates a data flow that secures the parties’ money through the banking system. This is big business and, much like other multinational-dominated IT industries, a lot of it happens in Ireland. The figures from the Banking and Payments Federation Ireland back up what many consumers probably feel anecdotally – that card and digital payments are the consensus choice. About half of all card payments made in retail and restaurants were contactless and…
Cancel at any time. Are you already a member? Log in here.
Want to continue reading?
Get unlimited access to The Currency and The Wall Street Journal with an annual membership – and receive a free, signed copy of Vincent Browne’s new book, Charles Haughey: Glory, Greed and Guns, delivered straight to your door.