CASH REMAINS MOST WIDELY ACCEPTED PAYMENT METHOD IN EURO AREA
On August 13, 2026, the European Central Bank (ECB) released findings indicating that cash continues to be the predominant payment option for businesses operating in the euro area. The survey highlighted that 92% of companies with physical points of sale accept cash, illustrating a notable rebound compared to 90% recorded in 2024. This resurgence follows a decline observed during the COVID-19 pandemic and in its aftermath.
Shifts in Payment Preferences
The survey encompassed 8,205 businesses across all 21 euro area countries, conducted between February and April 2026. While cash remains the most favored payment method, card payment acceptance has remained relatively steady at 88%. In a significant trend, the acceptance of mobile payments has surged from 36% to 68% during the same timeframe.
Efforts to Promote Digital Payments
Despite cash’s strong standing, 25% of companies are actively encouraging digital payments. This includes strategies such as investing in cashless payment systems and decreasing the number of cash-accepting registers. Notably, 13% of businesses have implemented self-checkout terminals, reflecting advancements in payment technology.
Consumer Considerations in Payment Options
When selecting payment methods, companies cited three primary factors: consumer preferences, security measures, and ease of processing transactions. Although digital payments are increasingly accepted, many businesses emphasize the unique benefits of cash, particularly in terms of privacy and reliability.
Media Inquiries
For further details, media representatives can reach out to William Lelieveldt at +49 170 2279090 or via email at william.lelieveldt@ecb.europa.eu.
