Rise of contactless transactions continues, Central Bank finds

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Rise of contactless transactions continues, Central Bank finds
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Dublin accounts for over half of all monthly card payment activity

Dublin is also top of the scale with total card payments equating to €12.6 million per 1,000 population. On the other hand, Offaly is the lowest ranking county for card spending by population.

There were an average 103 million contactless card transactions recorded per month over the period, with an equivalent value of €1.7 billion. In the first half of the year mobile wallet card payments accounted for 32 per cent of all card transactions undertaken at a Points of Sale. The Central Bank said this was because contactless card payments are still more generally used for lower-value payments.

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