Cyprus, Malta, Spain have cash as most used payment instrument

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Cyprus, Malta, Spain have cash as most used...
 © In-Cyprus 2021
Cash was the most used payment instrument at the euro area country level with the highest proportions in Malta (88%), Spain and Cyprus (83% each), according to a European Central Bank study.

The study, which was conducted in 17 euro area countries also showed that, in contrast, in Finland and the Netherlands respectively only 35% and 34% of the payments were made in cash.

In these countries, debit cards were the most used payment instrument.

As for the proportion of cash in relation to the total value of point of sale payments varied considerably across countries, with Cyprus and Malta being...


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Cyprus, Malta, Spain have cash as most used payment instrument


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Article Tags: cyprus, malta, spain, payment, instrument,