Currency Benchmarks 2024 report – securing cash payments
As transactional cash use falls, many central banks are adopting policies to safeguard cash access
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Data from the Currency Benchmarks 2024 suggests consumers around the world are continuing to turn away from cash payments in favour of electronic alternatives. The average share of payments made in cash dipped this year, from 40.6% in 2023 to 36.2% in 2024. In a few jurisdictions, cash use is all but zero – others report cash payments are still the dominant mode.
Overall, cash values and volumes are still on the rise, up 8.6% and 2%
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