Friday 20 October 2017

New cards to cut cash usage by €10m, says Visa

Sarah McCabe

Sarah McCabe

VISA DEBIT says half-a- million contactless payments have taken place in Ireland since the recent introduction of Visa Debit contactless cards. The company predicts the service will eliminate €10m in cash usage in the next six months.

McDonalds, Insomnia, Arnotts, Boots, Centra, Marks and Spencer, Spar, Eurospar and Mace have already adopted the technology, which allows users to pay for transactions of €15 or less by touching their card to the terminal without the need to enter their PIN. Visa says quicker transaction times are the main benefit of contactless payment.

Irish Independent

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