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In The News
   
 
 

 

In The News

 
February 23 - Central Bank kicks off 1m campaign for cashless society

Article: Technology For A Global Monetary System
 

The Central Bank is launching a major national campaign to persuade consumers and businesses to stop using cash and cheques in favour of online transactions.
 
Dame Street mandarins calculate that it would save the Irish economy 1bn a year to increase the use of electronic payments with debit cards, smartphones and online transfers and is tendering for ad agencies to power a major marketing drive with a budget of up to 1m.
 
The State itself is setting an example it is one of the heaviest users of cheques, but from September government departments and local authorities will no longer use them.
 
A group of representatives from businesses, consumer groups, banks and government departments have been driving a plan to persuade the public and companies to embrace cashless transactions. The National Payments plan aims to double the number of debit-card and other electronic payments and transfers over the next year and to slash cash and cheque use

 

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