Ireland Cards and Payments Market Opportunities and Risks Report 2021-2024 -

·4 min read

The "Ireland Cards and Payments - Opportunities and Risks to 2024" report has been added to's offering.

'Ireland Cards and Payments - Opportunities and Risks to 2024' report provides detailed analysis of market trends in the Irish cards and payments industry.

It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e).

The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country's competitive landscape, including the market shares of issuers and schemes.

The report brings together the publisher's research, modeling, and analysis expertise to allow banks and card issuers to identify segment dynamics and competitive advantages. The report also covers details of regulatory policy and recent changes in the regulatory structure.

This report provides top-level market analysis, information and insights into the Irish cards and payments industry:

  • Current and forecast values for each market in the Irish cards and payments industry, including debit and credit cards.

  • Detailed insights into payment instruments including cash, cards, credit transfers, direct debits, and cheques. It also, includes an overview of the country's key alternative payment instruments.

  • E-commerce market analysis.

  • Analysis of various market drivers and regulations governing the Irish cards and payments industry.

  • Detailed analysis of strategies adopted by banks and other institutions to market debit and credit cards.


  • In August 2020, Ireland-based food retail store chain owner BWG Foods collaborated with London-based payment technology provider MishiPay to trial checkout-free payments at retail outlets in Ireland. In order to shop using this system, customers need to scan the barcodes of the products they want to buy using the MishiPay app and add the scanned products to the shopping cart in the app. After the customer has completed shopping, they can checkout on the app and make payments using their debit card, credit card, or digital wallet. Customers can leave the store after the payment is completed. The solution is still in the trial phase.

  • Awareness and usage of contactless payment cards is high in Ireland, with the number of contactless payment cards rising from 5.2 million in 2017 to 6.8 million in 2020 at a strong CAGR of 9.4%. This figure is set to rise further to 8.0 million by 2024. As per BPFI, average contactless payment transaction value rose from €12.03 ($13.51) in Q3 2019 to €15.69 ($17.62) in Q3 2020, suggesting consumers are increasingly using contactless payments for high-value transactions. The increasing number of contactless cards and the growing number of retailers accepting contactless payments will further drive payment card transaction value and volume.

  • Coronavirus dealt a major blow to the level of consumer spending in the country during 2020, which in turn affected card payments. According to central bank data, due to containment measures introduced in March 2020, personal card spending on non-essential services such as accommodation, transportation, and restaurant dining fell by 90%, 85%, and 70% respectively on a year-on-year basis in April 2020. On the other hand, card spending on essential products such as groceries and perishables grew strongly by 20% on a year-on-year basis during the same period.

Key Topics Covered:

  • Payment Instruments

  • Card-based Payments

  • Merchant Acquiring

  • Ecommerce Payments

  • Buy Now Pay Later

  • Mobile Proximity Payments

  • P2P Payments

  • Bill Payments

  • Alternative Payments

  • Job Analysis

  • Payment Innovations

  • Payment Infrastructure & Regulation

  • Appendix

Companies Mentioned

  • AIB

  • Bank of Ireland

  • Avantcard

  • Permanent tsb

  • Ulster Bank

  • Visa

  • Mastercard

  • PayPal

  • Click to Pay

  • Google Pay

  • Apple Pay

  • Amazon Pay

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