Contactless payments: 'Extraordinary' jump in tap and go tra

Contactless payments: 'Extraordinary' jump in tap and go transactions in December


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There was an 'extraordinary' jump in contactless payments in December and throughout 2020 - but the banking industry says cash will never fully go away.
Over €1 billion worth of contactless transactions were recorded in Ireland in December, the first time that monthly figure has been reached.
Figures from the Banking & Payments Federation (BPFI) show there were nearly 2.1 million transactions per day in the lead-up to Christmas.
The average value of a payment also increased to €17.36.
Brian Hayes, the Chief Executive of BPFI, told
Newstalk Breakfast last month's figures are part of a trend.
December saw 'extraordinary' jump in contactless payments

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