What Budget 2016 said about payments

What Budget 2016 said about payments

In his budget speech last week, the Minister for Finance announced that the transaction limit on contactless payment cards is being raised from €15 to €30 from October 31. Also, in a bid to encourage greater usage of card payments, he announced changes to the costs faced by consumers.

From January 1, the current €5 stamp duty on debit/ATM cards will be removed and replaced with a 12 cent charge per ATM transaction.

Consumers will not lose out as a...

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