Dutch cash payments fall sharply, DNB says
Cash payments were 30% of transactions in early 2020 but fell to 13% in April, study finds
The Netherlands Bank says contactless payments have risen sharply in the country in the first half of 2020, as banks respond to the Covid-19 pandemic.
In April, cash payments fell to just 13% of total transactions, according to a study by the DNB and the Dutch Payments Association. At the start of 2020, cash accounted for 30% of total payments. By the end of June, it had partially recovered lost ground, but at 23% it was significantly below the levels recorded in late 2019.
The DNB says Dutch
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