The National Payments Plan was launched in April 2013. It aims at making significant savings to the economy by increasing the use of electronic forms of payment such as debit cards and electronic banking. The Plan has 3 principal targets:
- Double the number of ePayments such as debit cards or electronic credit transfers by 2015, leading to a reduction in cash and cheque usage to the EU average,
- Improve the efficiency of the cash cycle,
- Ensure the successful transition of electronic payments to SEPA standards by 1 February 2014.
The National Payments Plan can be read here: https://www.centralbank.ie/paycurr/paysys/Documents/National%20Payments%20Plan%20-%20Final%20Version.pdf