Partial Data on Declining Cash Payments in Europe

Finance.ua, a Ukrainian financial media organisation, posted cash usage rates for Europe in 2019 based on Statista data and then compared it with a smaller selection of countries in 2020 and then 2021.

2019 data

2019 data for 40 countries in Europe showed five groups of countries, with the Scandinavian countries using the least cash.

Ten countries followed with less than 40% cash payments, along with France, the UK and Russia, some of the smaller northern European countries, the Netherlands, Belgium, Luxembourg, Ireland, Liechtenstein and Switzerland, and Portugal.

Those using cash for less than 50% of payments were Estonia, Malta, Belarus, Poland, Turkey, Lithuania and Ukraine.

Those using cash for more than 50% but less than 70% of payments were Latvia, Spain, Austria, Italy, the Czech Republic, Germany, Slovenia, Cyprus and Hungary.