Payment Methods: Online vs. Offline - Ireland - July 2016
“Compared to less than a decade ago when cash was the preferred method of payment among Irish consumers, the Irish payments industry has changed dramatically. Non-cash methods of payment have become increasingly popular - most notably debit cards, which have now far surpassed credit cards as consumers' favourite form of plastic payment card. While cheques are not nearly as significant as they once were, they remain an important (albeit niche) method of payment".
– Brian O’Connor, Senior Consumer Analyst
This report discusses the following key topics:
- Need to provide consumers with alternative budgeting tools
- Evolution rather than revolution best suits the payment industry
- Security remains a fundamental issue for consumers
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