The value of debit card transactions could be greater than the amount withdrawn from ATMs for the first time this year.

According to the Banking & Payments Federation Ireland, the number of debit card payments increased by 13.4% during 2014.

That represents 386 million individual transactions, with a value of €19.9 billion.   

Last year €20.3 billion was withdrawn from ATMs, an average of €56m a day, a 0.5% fall from 2013.