Cash remains most common means of payment in Germany
But share of cash payments dropped from 74% in 2017 to 58% in 2021, Bundesbank finds
Cash remained the main means of payment in Germany in 2021, although its usage has dropped considerably since 2017, a Deutsche Bundesbank study finds.
The Bundesbank’s sixth study on payment behaviour in Germany, published on July 6, found a considerable fall in cash use and a rise in electronics payments. The survey shows participants used banknotes for 58% of their payments over the last year.
This is down from 74% in 2017, when the central bank carried the previous study. This decline in
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