The report presents estimations of the number and value of cash transactions in all 19 euro area countries in 2016, based on survey result as well as figures on main payments by demographic.
'To pay for their POS* purchases, euro area consumers made 124 billion cash payments, 30 billion card payments and 3 billion payments by means of other instruments, such as cheques, direct debit, credit transfers and mobile payments.'
*What is POS?
Point-of-Sale or POS, are the kind of payments made in shops for day-to-day items (restaurants and petrol stations, as well as street merchants and shops for durable goods); POS transactions make up 96% of all payments. Non-POS payments include charity donations, payments between friends or family, etc.