PWG Business News: Your Gateway to Market Intelligence
PWG Business News is committed to providing real-time updates and expert-driven insights across various industries, including technology, healthcare, finance, energy, automotive, and consumer goods. We deliver carefully curated news, financial reports, and research-based updates, helping businesses and professionals stay informed and competitive in today’s dynamic business environment.
Our News section covers industry-shaping events such as market expansions, new product launches, mergers and acquisitions, policy shifts, and corporate earnings, offering a strategic advantage to decision-makers seeking actionable intelligence. By bridging industry leaders, stakeholders, and professionals with data-driven content, we empower our audience to navigate the complexities of the global market with confidence.
PWG Business News: Keeping You Ahead in the Business World
At PWG Business News, we deliver timely and credible business news, covering global market trends, economic shifts, and emerging opportunities. With comprehensive coverage spanning healthcare, technology, telecommunications, utilities, materials, chemicals, and financials, our platform provides accurate, well-researched insights that drive success for executives, investors, and industry professionals alike.
Whether you're tracking regulatory updates, innovation trends, or strategic collaborations, PWG Business News ensures you have access to high-quality, data-backed reports that enhance brand visibility, credibility, and engagement. Our mission is to keep you ahead by serving as your trusted source for impactful industry news and market intelligence.
Stay informed with PWG Business News – your gateway to the insights that shape the future of business.
Communication Services
Contactless payments have become the norm in Ireland, with nearly 90% of card transactions being contactless in 2024, according to the Banking & Payments Federation Ireland (BPFI). This shift towards digital payments reflects a broader trend of consumers embracing new technologies for convenience and efficiency. In this article, we'll explore the latest insights on contactless payments, the rise of mobile wallets, and what this means for the future of financial transactions.
In 2024, contactless payments accounted for 87.1% of all point-of-sale (POS) card payments in Ireland, marking a significant milestone in the adoption of digital payment methods[2]. Over 1.5 billion contactless payments were made, with a total value of €26.7 billion. This surge in contactless transactions underscores the growing preference for convenience and speed at checkout points.
Mobile wallets like Apple Pay and Google Pay have emerged as a preferred method for contactless payments, with more than half of all contactless transactions now made through these platforms[2]. This trend reflects the increasing use of smartphones for financial transactions.
While Dublin leads in per capita contactless payments, other regions also show a strong uptake. Regional differences highlight varying consumer behaviors and infrastructure readiness for digital payments.
Irish consumers have generally been receptive to new banking and payment technologies. However, there is a need for increased awareness about emerging technologies like open banking and the digital euro.
As the payments landscape continues to evolve, several trends are likely to shape its future:
Ireland's transition towards contactless payments highlights not only technological advancement but also consumer demand for convenience and seamless experiences. As mobile wallets and digital currencies gain traction, it's essential for financial institutions and policymakers to enhance consumer awareness and confidence in new technologies.
