Central Bank Governor Gabriel Makhlouf met with his head of consumer protection just once in nine months, as the Covid pandemic ravaged the finances of households and businesses.
December sees record month for Irish contactless payments
Written by Robert McHugh, on 29th Jan 2021. Posted in Technology
The latest figures published this week by Banking & Payments Federation Ireland (BPFI) say December was another record month for contactless payments with the monthly value of contactless spending surpassing €1 billion for the first time.
The volume and value of contactless payments in the fourth quarter of 2020 meanwhile rose by 23.7% and 63.4% year on year to 174 million payments worth €2.8 billion.
While payments fell in November 2020, due in part to the Covid-19 restrictions imposed in late October, activity rebounded in December, when the monthly value of contactless payments exceeded €1 billion. Daily volumes rose to 2.1 million per day, surpassing the previous peak on 2.01 million in September, while daily values jumped to €36.5 million.