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The National Payments Implementation Programme (NPIP) was established jointly by IPSO and the Government to deliver a more efficient and cost-effective payments environment in Ireland.
Electronic payments are used considerably less in Ireland than in most other EU countries. A significant shift to electronic payments from the current high levels of cash and cheques could realise benefits in the order of one billion euro per annum. These savings should lead to lower charges for payments for consumers and businesses alike, ultimately facilitating more competitively priced goods and services.
Further benefits would include:
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