$1.3 trillion being spent by Eastern European consumers, it is evident that
cash continues to be a preferred form of payment in this region. In fact,
growth in the level of cash usage is expected at least through 2020.
is from the latest PYMNTS.com Q3 2016 Global Cash Index™, a
Cardtronics collaboration, and proves that cash use is alive and well in the countries
covered in the analysis.
finding of the index is that the region has a higher cash share than its Western European neighbors and
even spends more physical currency per capita than the U.S.
Alastair Mayne, managing director of Continental Europe for Cardtronics
and Karen Webster of PYMNTS.com discussed Eastern
Europe’s preference for cash and why claims that this ageless payment method is
going away are unfounded.
their conclusions? While cashless payment options are growing in Eastern Europe
and other parts of the world, they are simply providing consumers with more
choices. Digital forms of payment aren’t
taking away from consumers who still choose to pay with cash.
more about cash usage in Eastern Europe by listening to the digital discussion
between Al Mayne and Karen Webster.