This survey-based research makes for essential reading for policymakers and journalists discussing the cash debate as the public's answers debunk claims that digital payments are preferred throughout Europe.
Although digital payments do have their role to play, and are even preferable in some scenarios, why should that mean losing the option to pay in cash? Digital payments fail you in a cyber attack or blackout, while cash continues to be regarded as the number one contingency plan.
Excerpt from Cash is King in Eurozone summary by Cash Matters
Aside from “challenge the perception that cash is rapidly being replaced by cashless means of payment,” it confirms that cash is still the predominant payment instrument across the Eurozone at a POS level... 'Overall, the results put the use of cash relative to non-cash payment methods by consumers at POS into perspective, and indicate that the use of cash at POS is still widespread in most euro area countries. This seems to challenge the perception that cash is rapidly being replaced by cashless means of payment.' Continue reading...
Esselink, Henk, Lola Hernández. "Occasional papers series: The use of cash by households in the euro area". No 201. European Central Bank. Electronically published November 2017. Accessed November 25, 2017.