Irish bank AIB has suspended its earlier decision to impose a fee on contactless card transactions due to coronavirus Covid-19 outbreak.
Last week, the bank announced that it will charge one cent per contactless transaction from the end of May 2020.
The decision was revoked after Minister for Finance Paschal Donohoe announced that to raise the issue with the bank, reported The Irish Times.
In a statement, AIB said: “In the light of the current Covid-19 outbreak AIB is suspending the planned introduction of the contactless fee.”
It comes at a time when several organisations have advised people to switch from cash transactions to mitigate the risks of coronavirus contagion.
During circulation, the bills are estimated to carry various types of viruses and bacteria. Accordingly, it increases person-to-person transmission risks.
China and Korea, which are among the worst affected by the outbreak, have already started disinfecting used banknotes.
The bills are subjected to ultraviolet light or high temperatures to sanitise the notes before recirculating them.
Meanwhile, the Covid-19 death toll crossed 6,500, infecting more than 169,000 people across the globe.
The outbreak has impacted more than 134 countries.