Irish debit card transactions reach €4.2 billion in May

Irish consumers spent €4.2 billion using their debit cards in May, according to new figures from the Central Bank.

The credit card and debit card statistics, show total transactions on debit cards reached €4.2 billion in May, the highest recorded figure since December 2015.

Just over €2.6 billion of this spending was attributable to Point of Sale activity, while the remaining €1.6 billion was accounted for by ATM transactions.

Debit card expenditure abroad increased to €307 million during May the highest since August 2015.

The Central Bank said credit card expenditure remained stable, averaging €871 million over the year ending May.