Thursday July 2, 2020

Economy could save €1 billion by ditching cheques

The Irish economy is expected to save €1 billion annually by increasing the use of electronic forms of payment such as debit cards and electronic banking, the Central Bank said.

24th April, 2013

The Irish economy is expected to save €1 billion annually by increasing the use of electronic forms of payment such as debit cards and electronic banking, the Central Bank said.

A new national payments plan launched today by the Central Bank has a target of doubling the number of electronic payments from 2011 to 2015.

Ireland has the second highest usage of cheques among major European countries, the highest ATM withdrawal per capita and still pays out...

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