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Cash is still king in these 10 major economies

Most Europeans still cling to physical cash while nations in Asia are embracing cashless payments.

November 08, 2019 / 06:46 PM IST
currency
According to a 2018 World Cash Report, many European countries still rely heavily on physical cash for making purchases. Most Asian economies are going cashless and the best example to support this is India's demonetisation move of November 8, 2016. Here are 10 major economies where physical cash is still king. *The countries mentioned here are not ranked in any particular order, they have been selected from a mix of surveys. (Image: Reuters)
South Korean Won
No 10 | South Korea | Share of cash payments: 14 percent (Image: Reuters)
Sweden currency krona
No 9 | Sweden | Share of cash payment: 20 percent (Image: Reuters)
US dollors
No 8 | United States of America | Share of cash payments: 37 percent (Image: Reuters)
china currency
No 7 | China | Share of cash payments: 40 percent (Image: Reuters)
UK Pounds
No 6 | United Kingdom | Share of cash payments: 42 percent (Image: Reuters)
france flag
No 5 | France | Share of cash payments: 68 percent | (Image: Reuters)
germany
No 4 | Germany | Share of cash payments: 80 percent (Image: Reuters)
Japans Yen
No 3 | Japan | Share of cash payments: 82 percent (Image: Reuters)
italy
No 2 | Italy | Share of cash payments: 86 percent (Image: Reuters)
Spain Flag
No 1 | Spain | Share of cash payments: 87 percent (Image: Reuters)
Moneycontrol News
first published: Nov 8, 2019 06:46 pm

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