Commenting on the key figures and trends, Brian Hayes, Chief Executive BPFI, said: “In June we saw a total of 73 million contactless payment made over the course of the month worth over €1.2 billion. At 2.4 million payments per day this is the highest daily level recorded since BPFI began gathering this data in 2016. In volume terms the figures represent a jump of 37% year on year while we saw in increase of 43% in the value of contactless when compared to the same period last year.
“Looking at the figures on a quarterly basis, we can see the number of contactless payments increased by 62% year on year to €199 million in Q2 2021 with the value rising by 68% to almost €3.2 billion. This is the highest quarterly volume and value since BPFI started collecting this data in 2016. In fact the value of contactless payments more than trebled over a three-year period, with less than €1.1 billion in payments in Q2 2018.”
“The increase we have seen in contactless spending during the course of June reflects the easing of Covid-related restrictions on many businesses, including hospitality, during this period and is a trend we expect to continue in the months ahead.”
