Infographic: Is Usage of Cash Declining?

We are back with another infographic! Today we are diving into the payments world. Have you noticed how much our payment habits have changed over the last 15 years? Wallets have gotten thinner and in some societies they have even relocated to our phones altogether. Let’s have a closer look.


Cashless payments have increased by 48.1% in the euro area over the last 15 years. Cashless payments used to account for 43.6 billion euros in 2003 while the number is 90.7 billion euros in 2018. The payment method has seen a large increase.

The usage of cash varies greatly across the euro area. Germany and Switzerland are the countries with the largest amount of purchases made in cash. Sweden and Norway are the closest to being a cashless society.

There are a total of 544 million payment cards issued in the eurozone. This averages to 1.6 cards per euro area inhabitant. Out of that, 85% of cheques in the are written in France. Cheques represent 2% of cashless payments in the euro area. In France, they make up 7% of all cashless payments.

The total number of ATMs in the euro area decreased to 300,000. That is a 0.3% in 2018 compared to the previous year.  This means there is one ATM per 1,126 people. The average person in the euro area makes 22 cash withdrawals per year. The total number of non-cash payments in the euro area totalled to 90.7 billion in 2018. That is a 7.9% increase compared to the previous year. 


Hopefully you now have a better idea of where we stand in terms of cash usage. In addition to cashless payments trending, we have also seen a rapid adoption of crypto payments. A great place to discover the crypto payment world is our Demo platform without even signing in. If you like it, you can decide to sign up and go through KYC – we will give you 20 XCM after your first crypto-fiat trade as a welcome gift! In case you have any further questions about our platform, our support team is available 24/7 to assist you.


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