With all the changes happening to our money, it seems clear that cash is no longer king and while it is not dead yet it’s crown has definitely been thieved by the virtual upstarts.
According to recent data from the Banking and Payments Federation of Ireland more than 1.6 billion contactless point of sale (POS) payments, valued at €28.3 billion, were made in shops, restaurants and other retail outlets in the 12 months to June 2025.
All told, less than half of POS payments in Ireland were made in cash in 2024, according to European Central Bank (ECB) survey data, down from about 54 per cent two years earlier.
That is not to say a
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