Wicklow

| 19.1°C Dublin

Survey finds half of Wicklow businesses considering going cashless in next 10 years

Close

Stock image.

Stock image.

Stock image.

braypeople

Around half of Wicklow businesses say they will consider going cashless over the next decade, according to the results of a new survey.

BOI Payment Acceptance (BOIPA), a provider of payment technology integrations and acquiring solutions, carried out the survey to assess people’s attitudes towards different payment methods.

On average, the survey found Ireland to be a more cashless society compared to 13 other countries participating in the survey.

BOIPA's annual SME Insight survey also found that businesses are split on the possibility of going fully cashless in the next ten years.

This is Wicklow Newsletter

The local stories that matter in the Garden County, delivered directly to your inbox every week

This field is required

The general increase in cashless payments over cash transactions is viewed positively by almost two thirds of businesses nationally. Irish businesses are split over whether they expect to become fully cashless in the next ten years with 47 per cent saying this is now a distinct possibility.

The counties most confident of this transition were Galway (51 per cent) and Dublin (55 per cent). Half of Wicklow businesses said they might transition away from cash fully at some point over the next ten years.

63 per cent of Irish shoppers said they preferred to use cashless payments when shopping in-store, higher than other countries surveyed.

“The technological advancements within Irish banking and financial services has been matched by merchant and consumer appetite for digital payment solutions that make day-to-day transactions simpler and more convenient,” said BOIPA managing director Conor Quirke.

The survey also found that Irish consumers are more inclined to pay by card, digital wallet or online across a range of situations including grocery shopping, eating out, at the fuel pump, at public institutions and for entertainment.

The availability of card and contactless facilities also impact consumers perception of businesses with people living in Ireland perceiving businesses with card and/or online payment options as being more modern (82 per cent) and customer-centric (74 per cent).

“While the high number of people preferring digital alternatives over cash comes as no surprise, this survey offers rich insights into where Ireland fits against other markets in being a leading adopter of innovative payment options. The technological advancements within Irish banking and financial services has been matched by merchant and consumer appetite for payment solutions that make day-to-day transactions simpler and more convenient,” Mr Quirke added.


Privacy