Cash usage in Switzerland below eurozone average – SNB survey

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SNB

Cash is the most common method of payment in Switzerland, although the proportion of cash transactions by volume and value is lower than the eurozone average, according to a survey published by the Swiss National Bank on May 29.

Of all the payments recorded in the country in 2017, 70% were processed with cash. In terms of value, cash accounted for 45% of expenditure, according to the first survey on payment methods the SNB has conducted.

Despite the popularity of cash, the results place

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