Wednesday July 8, 2020

Is the clock ticking on cash?

Contactless payments have become normal and a growing number of companies are using bank-to-bank direct transfers. The question now is whether a cashless economy is on the way, writes Alex Meehan

10th May, 2020
3
A cashless economy appeared overnight as the lockdown placed on the country by the government came into effect

In a 24-hour period in the middle of March, something remarkable happened in Ireland’s shops, garages and supermarkets. A cashless economy appeared overnight as the lockdown placed on the country by the government came into effect.

Along with rethinking how close to stand to others in queues, as a nation we quickly adapted to a new normal – avoiding the use of cash if at all possible. The limit for contactless payments went...

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