Contactless payments surge 36% in Ireland, 40% say no to cash in US

13-11-2020 Financial Mirror FinancialMirror Cool

Contactless payments surge 36% in Ireland, 40%...

There was a 36% year-over-year (YoY) increase in contactless transactions in Ireland, reaching $3.4 bln in Q3 2020, while the number of transaction surged 77% YoY to 182 mln, according to data analysed by Comprar Acciones.

The global landscape is also thriving. In 2019, the total contactless payment transaction value was $1.06 trln and this is projected to grow at a 19.8% compound annual growth rate (CAGR) between 2020 and 2025, due mainly to Covid-19.

According to a Q3 2020 survey by S&P Global, 40% of US consumers are using cash less...

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This article was automatically added to our system 13-11-2020

Contactless payments surge 36% in Ireland, 40% say no to cash in US

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