Market Data Forecast’s "Ireland Cards And Payments Market" report offers a distinct range of possibilities in the market of payment cards along with the accurately validated statistics of operational cards in the market and their total transactional values. It suggests profitable marketing strategies considering the competitive landscape in the market, purchase trends, payment options in online trade and significant government frameworks impacting the overall payment card market of Ireland.
Our report kindles the hidden opportunities with dependable information about different types of cash transactions, volumes of cardholders, market proportion, current accounts, increase within the number of cards, credit cards outstanding balances, transactional values, details of the issuers at the side of available banking schemes and futuristic analysis of overall cards and payment marketplace in Ireland.
Ireland Cards and Payments Market – Key Insights:
The government initiatives like the replacement of flat annual stamp duty with surcharge and free debit card transactions at POS terminals pointing towards the use of cashless transactions and the use of debit cards for in-store payments and POS terminals.
The implementation of EU-wide cap on interchange fees and its effects on the card issues and schemes favors the merchants to save almost EUR 36 million annually thereby increasing the acceptance of card-based payments.
The expanding use of contactless payments in Ireland attributing to the increase in spending limit from EUR 15 to EUR 30 and the growing adoption of this technology at retail outlets. Most of the major banks like Krediet bank ABB Insurance CERA (KBC Bank), Allied Irish Bank (AIB), Permanent TSB, Bank of Ireland (BOI), and Ulster Bank now offer contactless cards. Visa reports close to 3 million contactless transactions are happening every week in Ireland.
Some of the Dominating players in the Market:
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