One in five Galway businesses want to go fully cashless, as the move towards card payments and tapping continues unabated post-Covid.

In all, 22% of Galway businesses would like to be fully cashless, according to a survey carried out by BOI Payment Acceptance (BOIPA), a provider of payment technology solutions, which asked Irish businesses about the current payment landscape as well as business confidence and concerns.

Over one-third (36%) of Galway businesses were unaware there is no contactless limit on mobile wallets – just below the national average – while 54% believe the increase in card over cash transactions has helped them run their business.

Six out of ten Galway businesses expect to grow this year despite the cost-of-living crisis and running costs dominating as key concerns; 62% believe their business will grow over the next twelve months despite global economic uncertainty.

Unsurprisingly cost-of-living increases and running costs were the main concerns the majority of businesses had.

For more, read this week’s Connacht Tribune.

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