Where Cash is King in Europe – Where Cash is King in Europeld in Europe is King – Where Cash is King in Europe

Published on: March 12, 2019 / Update from: March 12, 2019 - Author: Konrad Wolfenstein

How much money do you have with you at the moment? The answer to this question will likely depend not only on your bank balance, but also on the country in which you live. As figures from the Access to Cash Review show, there are significant cultural differences in the use of cash across Europe. In Greece and Spain, the vast majority of personal purchases are made with cash – 88 and 87 percent, respectively. In Sweden, Denmark and the United Kingdom, most shipments are paid for digitally.

The report , which focuses on the UK, found that, despite the relatively small proportion of people who rely on cash in their daily lives, over 8 million adults - about 17 percent of the population - struggle in a cashless society would have.

How much cash do you have with you at the moment? The answer to this question will probably depend, not only on your bank balance but also on the country in which you live. As figures from the Access to Cash Review show, there are significant cultural differences in the use of cash in Europe. In Greece and Spain, the vast majority of in-person purchases are made with cash – 88 and 87 percent respectively. While in Sweden, Denmark, and the UK, most items are paid for digitally.

In the report , which focuses on the UK, despite the relatively low share of people relying on cash in their everyday lives, it was found that over 8 million adults – about 17 percent of the population – would struggle to cope in a cashless society.

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