Cash usage in Switzerland below eurozone average – SNB survey
SNB’s first payments study finds 70% of transactions processed in cash in 2017
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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