As of 2017, the retail market was worth €40 billion annually,with the supermarket sector reportedly comprising €9 billion of this figure.For the same period, €5 billion was spent by Irish consumers with online retailers – €3 billion of this going to non-Irish sites.
There are massive changes afoot within the Irish retail sector which has been triggered by globalisation, technological developments, aggressive competition and demanding consumers.
Card payments within the retail sector
Back office times for card per day account for 28 minutes compared with 94 minutes for cash.
One in four card payments are now contactless
Increasing the volume of card payments to 80% of accepted payments can play a crucial part in lowering admin costs, saving a business as much as €8,000 annually
Woohoo Merchant delivers services to great businesses of all sizes, from sole traders through to major brands and principally distributes its capability through a network of partners within a variety of sectors.