With their great love for money, according to a survey, Austrians and Germans are free: 73 percent of the Austrians and 69 percent of the Germans indicated in the online survey to use cash particularly often. In all other seven European countries investigated, contactless payment per card is favorite.
A deviation from cash in the next ten years regards more than a third (38 percent) of the respondents as pretty likely. In Austria, on the other hand, only 19 percent of those on behalf of the consulting company Bearingpoint can imagine that they will do without cash by that time. In Germany there are at least 33 percent of the 2019 interviewee.
Trend to digital payment procedures
In all nine countries in which a total of 10,222 data for adults were collected, the participants of the survey can imagine that digital payment methods will be used more intensively in the coming two years. Ireland is the leader, where 40 percent of the respondents can imagine more use of map payments and 39 percent of a stronger use of mobile payments per smartphone or smartwatch.
Contactless map payment dominates in Northern countries
According to information, the contactless payment is used in Finland (89 percent), Denmark (76 percent) and Sweden (75 percent), according to the respective countries, and there is also a distance to other payment methods.
People in these Alternal countries resort to appearance and coins less often: 46 percent of those respondents answer in Finland that they often use cash, in Denmark it is 35 percent, 28 percent in Sweden. When answering the question, the survey participants could call a maximum of five payment methods.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
