There is no doubt that our shopping habits over the past few years have been defined by the Covid-19 pandemic. In order to comply with safety measures, many of us opted for cashless transactions often enabled by mobile wallets.
Merchant Machine has taken an in-depth look at payment methods of different countries around the world to find the nations where physical cash still takes precedence despite the increasing popularity of digital payment wallets such as Apple Pay and Paypal.
A new study by Merchant Machine has analysed Europe’s leading cashless economies. The study highlights the countries where citizens would like to go completely cashless the most and who uses contactless payments the most. You can view the graphic here.
In 2018, after years of card payments slowly weighing in on the dominance of cash transactions, cashless has now overtaken as the most popular method of payment. Last year saw a 15% drop in notes and coins used, and strengthened
