ADVERTISEMENT
As a rising number of people turn towards digital payments in Europe, the share of cash transactions is declining, although banknotes still play a significant economic role.
In the eurozone, just over half of all transactions (52%) were paid in cash in 2024, according to an ECB survey of 40,000 participants. Even so, this share is much lower when looking at value — amounting to 39% of transactions.
In 14 out of 20 eurozone countries, cash is the most frequently used payment method, and it makes up between 45% and 55% of transactions in about half of the countries.
Continue Reading on Euronews
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.