Sunday 25 August 2019

Ireland's love affair with cash continues

Thinkstock
Thinkstock

Aideen Sheehan

Irish consumers carry €78.2m in cash around with them every day and visit an ATM twice as often as other Europeans.

A survey by Visa Europe found that a typical consumer here has €23 in cash on them each day.



And Irish people spend 11.2 million minutes a day queueing in shops - mainly convenience stores, petrol stations and fast food outlets, the survey of 1,000 adults found.



Centra, Spar, Mace and Eurospar have begun installing contactless technology to allow people pay for small purchases by flashing a card, and some 45pc of respondents said the main benefit of this would be quicker transactions.

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