Eurozone citizens still use cash in majority of transactions
Cash use declines since 2019, but still makes up almost 60% of transactions
The European Central Bank says cash use has declined in the eurozone in the past three years. However, 59% of transactions were still in cash in 2022.
According to findings from the 2022 Space (Study of the Payment Attitudes of Consumers in Europe) survey, released on December 20, 34% of point-of-sale payments were made with cards. Three per cent of transactions were conducted through mobile apps.
Both the cash and card figures are a sharp change since the 2016 and 2019 Space surveys. In 2016
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