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Italians & Spaniards Still Believe ‘Cash Is King’

Courtesy of ZeroHedge View original post here.

Most Europeans still cling to physical cash while nations in Asia have embraced cashless payments the most. This is the conclusion of the 2018 World Cash Report that lists different studies analyzing peoples’ habit to pay by cash or card (or even mobile).

Statista's Katharina Buchholz notes that while most of the studies are so called diary studies where people log their everyday lives, they are designed differently and might yield different results. Yet, comparing the figures proves interesting to gain a general understanding of which countries are more or less prone to use cash.

Infographic: Where Cash is Still King | Statista

You will find more infographics at Statista

While this is comparable with rates in several European countries like Spain, Italy and Germany, regional neighbors China and South Korea have embraced cashless payments to a much larger degree.


 


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