December was a record month for contactless payments, with more than €1 billion spent for the first time.
More than €36 million was spent per day using the payment system, according to the Banking and Payments Federation Ireland (BPFI).
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Chief Executive of the BPFI, Brian Hayes, says it has become the country's favourite way to pay.
Mr Hayes said: “Even though cash is here and will always be here, there has been a seismic shift in the transition from cash to contactless.”
He added: “I think that has allowed customers to produce a fast, simple, secure transaction methodology, not just during the start of the pandemic but also when we saw the economy reopening in the December period."
