Contactless tap and pay transaction limits will increase from €30 to €50 by April 1.
The move comes as shoppers are abandoning cash for hygiene reasons amid the coronavirus crisis.
Cash payments have dropped by 20 percent as customers favour plastic to minimise contact with others and also because of an overall reduction in spending.
On Wednesday, Banking & Payments Federation Ireland (BPFI) said banks, retailers and technology companies are working closely together to deliver the new increased limit across all retail outlets nationally by April 1.
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BPFI Head of Payment Schemes, Gill Murphy said: “The roll out is well underway and BPFI is working in collaboration with all the various parties involved, to make sure the new limit is available across all retail outlets by 1 April.
"We are working together to make it happen as a matter of urgent priority in order to facilitate consumers’ ability to make some payments without the need for physical contact.
"Due to the many technicalities involved there is no central method by which this can be delivered, but rather it is case of all parties working together to ensure consumers can avail of the new limit of €50.
"We are confident that it will be complete by April 1."
She advised all shoppers to follow HSE guidance when paying for items by chip-and-pin in stores.
Ms Murphy also emphasised the need to be vigilant of personal security when shopping online.
