Finance

Volume of contactless payments hits three million a day – report

The average payment value reached €17.05

Contactless payments rose by 17.6 per cent

The volume of contactless payments here hit three million a day in the first three months of this year, according the latest Payments Monitor from the Banking & Payments Federation Ireland (BPFI).

Contactless payments rose by 17.6 per cent year-on-year to 268.7 million in the first three months of this year, the report found.

The report also shows that online and mobile banking payment volumes grew by 6.2 per cent year-on-year to 36.4 million, the ...