Cork ‘cashes out’ in attempt to become Ireland’s first cashless city
Voluntary 'Cork Cashes Out' scheme will enter shoppers into a competition to win a range of prizes when they use their debit or credit card to pay in participating stores
2 November 2015
Cork city is aiming to become the country’s first cashless city, through the launch of a new scheme which encourages electronic transactions.
A three month pilot project has been launched by business leaders to encourage shoppers to switch from cash to electronic transactions, the Irish Examiner reports.
The ‘Cork Cashes Out’ scheme has been established by the Cork City Centre Forum; an umbrella group which represents retailers and business owners, the city council, gardaí and organisations such as the Cork Chamber.
Every customer who uses a debit or credit card to pay for products in participating stores, will be entered into a competition, with a range of prizes up for grabs over the coming weeks.
The initiative is supported by the major banks but remains completely voluntary for both retailers and consumers.
Forum member and publican Paul Montgomery, said that while “cash has always been king”, he has “always hated the idea of having large amounts of cash floating around”.
The scheme complements the government’s National Payments Plan which promotes e-commerce over cash payments, with last month’s budget scrapping the €5 stamp duty tax on all debit and ATM cards.