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You can now pay for far more with contactless payments

The threshold is doubling.
Oct 31st 2015, 2:33 PM 26,048 52

THE CAP ON contactless payments has doubled from today.

Previously, customers could only spend €15 by pressing their debit card against a receiver. That has doubled to €30 from today.

The measure, which was part of this year’s budget, is part of the government’s plan to move Ireland to a cashless society.

Contactless payments allow customers pay with their cards without entering a pin number and has been rapidly increasing in popularity in Ireland.

Lorraine Peters, Head of Current Accounts at Permanent TSB says that customers are taking to the payment method.

“Customers of all the banks are really taking to contactless payments.

“We’ve seen two million contactless transactions on cards cards since we introduced the facility six months ago and we believe that this number will increase significantly now.”

Read: Bank of Ireland says all customers should now have wages in their accounts

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Paul Hosford


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