Pay
Survey: Card payment trumps cash
Shines, coins, credit card or payment app? Consumers have the choice at the cash register – but a payment method is increasingly operating.
“With card please.” The debit card is increasingly becoming standard when paying and, according to a survey, has replaced cash as the most used means of payment in Europe: 40 percent of the respondents therefore prefer to pay with debit card, as the stripping company Strategy & is called in a sample -like survey. 23 percent, on the other hand, continue to adopt and coins and pay for purchases and services in cash.
A few years ago it looked different: in 2022, 37 percent preferred cash compared to payment with debit card (30 percent) in the Europe -wide average.
According to the survey, the use of credit cards is also increasing: 22 percent of the monthly billing – that is five percentage points more than 2022. Payment apps are still not very popular: only 14 percent prefer to use an app for paying – one percentage point more than 2022. However, the consultants assume that the app use will increase.
Consultant: cash will not disappear
In Germany, the preference for notes and coins has decreased particularly strongly: in 2022 more than half of the respondents preferred paying with appearances and coins, according to the current survey, it is still 35 percent. Compared to the total cut (23 percent), however, people in the Federal Republic continue to pay cash above average. According to the consultants, cash payments will continue to be retained by 10 to 20 percent below the various number methods.
Strategy & is part of the auditing company PWC. The commissioned opinion research institute Appinio interviewed a total of 5,500 people for the survey in December – 500 each from Germany, Austria, Switzerland, France, Italy, the Netherlands, Poland, Spain, Sweden, Great Britain and Turkey.
dpa
Source: Stern
