According to the Irish Payment Services Organisation we withdrew €3 billion less from ATM's last year.
The total amount of cash withdrawals amounted to €22.3bn compared to card based (credit/debit card) transactions of €22.8bn. This is the first time card transactions outstripped cash transactions. This is a positive sign, Ireland have long been the most cash reliant society in Europe, finally we are breaking free and embracing debit cards and online banking transactions. These methods of payment allow us to budget easier as we can monitor our transactions and resist some of the impulse purchases we all do when we have cash burning a hole in our pockets.
FS
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