Smartphones are dominating when it comes to our purchases, report from banking body shows

Gillian Byrne stated, "Looking at domestic in-store card payments as a whole, we can see that the volume of contactless payments continues to rise with some 86.1pc of all domestic point-of-sale card payments now contactless." This highlights the significant shift towards contactless payments in everyday transactions.

The report indicates that nearly half of adults prefer using mobile banking apps for transfers, showcasing a substantial trend towards mobile financial technology among consumers.

Experts attribute the rise in mobile payments to the convenience of using phones over cards, especially considering the €50 limit for contactless payments, as Gillian Byrne noted.

With mobile wallets now accounting for over half of all contactless payments—up from 45.9% last year—it's clear this method is becoming increasingly preferred among consumers.

Read at Irish Independent