Transactional cash usage ebbs and flows in response to Covid-19

The proportion of payments made in cash ranged from 3% to 88%

The rise of new digital means of payment is having a dramatic impact on cash as a means of payment in certain jurisdictions around the world. And yet, in some countries, cash remains king, Central Banking’s Currency Benchmarks 2021 data shows. 

Based on data from 24 central banks, the average proportion of payments made in cash was 45%.

However, disparities in cash usage are vast; the data ranged from as little as 3% in an advanced economy European country to 88% in an upper-middle income

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