Third of firms now ready to go cashless

Just under 1 in 3 Dublin businesses are now ready to go fully cashless, a survey by BOI Payment Acceptance has found. As well as offering quicker and more seamless transactions in-store, 67% of Dublin businesses also said accepting more card payments at the expense of cash is more cost effective, safer and more secure than handling cash and helps with administrative tasks.

This sentiment was strongest in fellow Leinster counties Laois (85%), Westmeath and Kildare (73%). 2 in 5 businesses nationally felt the general increase in card over cash transaction had made no material change to how they run their business.

Over 4 in 10 businesses nationally are unaware that there is no contactless limit on mobile wallet transactions. Merchants in The Pale scored better with 78% aware that there was no limit.

64% of Dublin businesses expect to grow this year despite the cost of living crisis and running costs dominating as key concerns

Over 6 in 10 Dublin businesses are confident their business will grow over the next 12 months despite global economic uncertainty and the the cost of living crisis.