Cash usage falls further in Netherlands
Study shows contactless payments are the main driver away from cash payments
Cash usage in the Netherlands declined further in 2019, according to data released by the Netherlands Bank (DNB) on April 20.
According to the central bank, Dutch consumers used cash for 32% of their purchases last year, down from 37% in 2018. For the first time, contactless debit card payments, at 43%, were recorded above cash’s share. Total debit card payments reached 67% of purchases.
This is the result of a study carried out by the DNB and the Dutch Payments Association. “The accelerated
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