Recent research into current trends in the retail sector to understand consumers changing attitudes towards spending in Ireland has revealed a growth in digital and contactless payments among Irish consumers.
The study, conducted here at Coyne Research and commissioned by One4All, identified that 50% of Irish adults use digital or contactless payments more often than cash. 65% of the 1,000 participants make digital payments multiple times per week, whilst 25% use their smartphones to make contactless payments.
Interestingly, the average Irish adult carries €32 in cash, while one in 10 respondents said they never carry cash. It is suggested that the number of Irish consumers making cash payments will continue to decline as mobile and digital payments become the method of choice.
Be sure to read more about the increase in contactless and digital payments among Irish consumers by clicking the link below.