Banking
Cash still king? Cards and online banking dominate consumer spending
New data from the BPFI shows €22.7 billion was spent via debit or credit card in Q2 alone
Credit and debit cards dominate consumer spending as the volume of cheque transfers has halved since 2018, according to the Banking & Payments Federation Ireland (BPFI).
Over 73 million payments were made through online and mobile banking, new data from the BPFI has shown, a 60 per cent jump compared with 2018.
This marks a four per cent increase over the same time-period last year and the highest semi-annual volume since BPFI started the monitor ...