March 18, 2024

According to the Dutch Central Bank, only 15% of the value spent at point-of-sale locations were paid in cash in the Netherlands in 2022, which is much lower than the proportion back in 2013, when 57% of the total value was paid in cash. In 2022, card payments made up 70% of all payments, followed by mobile app payments (10%) and other payment methods (5%).

Throughout the countries that use Euro as the currency, 59% of the total value was paid in cash, which was still the most preferred payment method in 2022 despite a slight decrease compared to 2019 (72%).

The main reasons for this shift were security, convenience, and speed in non-cash transactions. Logically, it is expected that cash payments will become less and less prevalent in the society. On the other hand, the Dutch Minister of Finance expressed last year that cash should be easily accessible and available to anyone, possibly via a new legislation. It remains to be seen how these two conflicting interests will affect the payment trend in the future.

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