Irish bank cites Covid-19 outbreak as reason
In Brief
- AIB had outlined plans to follow Bank of Ireland and Ulster Bank in introducing a one cent charge for every contactless transaction.
- However, in light of the current Covid-19 outbreak AIB is putting the fee on hold.
- World Health Organisation advised consumers to avoid handling bank notes and instead switch to contactless payments
What this means
AIB's move is just the start of what will be a raft of measures taken by financial services companies in the coming weeks to mitigate the economic fallout from Coronavirus.
