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In France, 17% of people say they prefer to use cash (ECB, 2017)

July 9, 2020 Share Source
The statistic comes from the European Central Bank's study on Cash Use by Household in the Euro Area, published in November 2017.

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.

According to the findings from the European Central Bank's report, 17% of French nationals say they prefer to use cash (ECB, 2017).

Excerpts from ECB

"On average 43% of respondents in the euro area said they would prefer to pay by card or by another non-cash method of payment if given the choice, while only 32% would choose to pay in cash (Chart 36). A quarter of the respondents reported having no preferred method of payment. These results are in contrast with the actual use of cash and non-cash methods presented in earlier chapters, which show that 79% of all POS payments were carried out using cash." (p. 52)

European Central Bank (Nov, 2017)

"In 2016 euro area consumers made 1.6 payments per day on average, which equals nearly 11 payments per week (see Chart 5). They used cash more frequently than other payment instruments, making on average 1.2 cash payments per day, i.e. almost nine per week." (p. 22)

"It could be argued that consumers are often obliged to pay in cash given a lack of choice, for example when a retailer does not accept cards. Nevertheless, in 72% of cases euro area consumers did have the option of choosing between cash and non-cash payment methods." (p. 52)

"Despite numerous articles claiming a cashless society is imminent, it appears that the use of cash at POS is still robust in most euro area countries."
" Cash Use by Household in the Euro Area, p. 56 European Central Bank (Nov, 2017)

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Source

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. 

Last Updated: July 16, 2020

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