By Sarah Clark
Close to nine in ten (87.1%) of all card payments made in Ireland last year were contactless and more than half of those were made using an NFC mobile phone, Banking & Payments Federation Ireland (BPFI) reports.
Banking & Payments Federation Ireland (BPFI)
“Over 1.5bn contactless point of sale (POS) payments, valued at €26.7 billion(US$29.3billion), were made in shops, restaurants and other retail outlets in 2024,” the organisation says.
“We can see from today’s report that contactless payments continue to be very popular with Irish consumers, accounting for almost 90 per cent of all point of sale (POS) card payments made in shops, restaurants and other retail outlets in Ireland last year,” says BPFI’s head of payments Gillian Byrne.
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“Smartphones and watches have emerged as the preferred payment device over physical cards for many consumers
“Out of 296 contactless payments made per person in Ireland on Irish cards in 2024, 159 of these were mobile wallet payments.”
