image description

News

Contactless spending hits new high of almost €1.9 billion in Q2 2020

7th August 2020

The latest figures from Banking & Payments Federation Ireland (BPFI) show that the value of contactless payments reached a new high of almost €1.9 billion in Q2 2020, some 26.6 % higher than in Q2 2019. Spending grew despite volumes dipping to 123 million, the lowest level since Q1 2019, and 1% lower than a year earlier.

Stamp duty reforms will benefit consumers, says IBF

The Irish Banking Federation (IBF) welcomes the announcement by the Minister for Finance in today’s Budget 2008 to reduce the level of stamp duty payable on bank cards and to reform the stamp duty regime on residential property.

Savvy first time buyers exploit highly-competitive mortgage market

The first time buyers (FTB) market is characterised by borrowers who generally are informed in their choice of product and lender, are primarily focused on getting the best value over the long term, remain very satisfied with their product choice and are in control of their repayments.

Ireland now a nation of savers/investors

A new body of research, the IBF Personal Asset Profile, undertaken by Amárach and published today by the Irish Banking Federation (IBF), shows that 9 out of 10 consumers are saving/investing – with two-thirds of them doing so on a regular basis.