Cash use is steadily declining as more people shift toward digital payment methods.
According to recent findings from Bank of Ireland, cash withdrawals now account for just €1 in every €10 spent by households, a sharp decline from one-third just a few years ago. This notable shift highlights the growing trend toward digital payments, with more consumers opting for the convenience and security of cards and mobile payment options.
The rise of contactless payments and online banking services has contributed to this change, with many finding these methods quicker and more efficient than carrying cash. As people increasingly embrace digital wallets, experts predict the trend will continue, with cash playing a lesser role in everyday transactions.
KCLR’s Anna Lynch took to the streets to speak with local residents and find out whether they prefer using cash or card.
Here’s what they had to say about their payment habits.
