About four in ten consumers say they do not wish to use cash in future transactions.

That is one of the findings of a survey of over 2,000 people carried out by Ipsos for PayPal on current and future shopping habits during and post-Covid-19.

Two thirds of shoppers said they were open to trying new contactless methods in shops, with over 60% preferring to avoid touching a card reader pad when making purchases.

The banking industry recently facilitated an increase in the contactless limit on transactions from €30 to €50.

Figures from Banking and Payments Federation Ireland yesterday pointed to an increase in the average contactless spend by consumers per transaction since the limit was increased.

Despite the growing trend towards online shopping in the years leading up to and during the recent movement restrictions, with much of the spend leaving the country, the PayPal survey revealed that over 80% of consumers believe that supporting the local economy is key to emerging from the crisis.

Two thirds said they plan to buy more local or regionally sourced products in the future.

"The Covid-19 lockdown impacted everyone and many uncertainties still remain, but there is a silver lining in that communities are coming together in Ireland and supporting each other, not just people helping others but also spending with local businesses and retailers," Annette Hickey, Vice-President for Europe, the Middle East and Africa, Customer Services at PayPal, said.
"Consumers want to invest in the regions where they live but there is a demand for new ways of shopping and paying, as can be seen with the large proportion of people who don't want to use cash or touch a card reader," she added.