Dutch cash payments fall sharply, DNB says


The Netherlands Bank says contactless payments have risen sharply in the country in the first half of 2020, as banks respond to the Covid-19 pandemic.

In April, cash payments fell to just 13% of total transactions, according to a study by the DNB and the Dutch Payments Association. At the start of 2020, cash accounted for 30% of total payments. By the end of June, it had partially recovered lost ground, but at 23% it was significantly below the levels recorded in late 2019.

The DNB says Dutch

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