Updated / Thursday, 8 Apr 2021
07:45
February saw a total of 46.2 million contactless payment made over the course of the month worth over €733m
New figures from Banking and Payments Federation Ireland reveal that 1.6 million contactless payments were made every day in February.
February saw a total of 46.2 million contactless payment made over the course of the month worth over €733m.
This marked an increase of 6.5% in volume terms on the same time last year and a substantial jump of 42% in value terms over the same period. The dramatic increase we have seen in the total value of contactless in the year to February highlights the impact of the higher transaction limit of €50 that was introduced last April.
Over €26m spent per day in February in contactless payments
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Over €25 million in contactless payments per day in February
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MORTGAGE rates have fallen in this country but are still more than twice the average charged in the Eurozone.
This means it costs €190 more a month to service a mortgage in this country than the average in the currency bloc.
New figures show that the rate on new mortgage agreements was 2.79pc in February.
This is down by 12 basis points on the same month a year ago, but is still more than twice the 1.27pc average for the euro area.
Ireland is back to having the second highest mortgage interest rates across the euro area, according to the Central Bank data.