Cashless society is over there!

Cashless society is over there!

Approximately more than a third of Europeans as well as Americans would be happy not to use cash. They prefer relying solely on electronic forms of payment. About 20% already do this, as a recent study disclosed on Wednesday.

The study, conducted in up to 13 European countries, Australia and the United States, also found that in many places where cash is most utilized, folks are among the keenest to stop using it.

In general, 34% of respondents in the EU and 38% in America told that they would wish to go cash-free. That’s what the survey conducted by Ipsos for the ING bank states.

21% and 34% in the EU and America respectively told they already rarely utilize cash.

The trend is quite clear, as more than half of the EU respondents told they had utilized less cash for the last 12 months than previously and 78% revealed they expected to make use of it even less in the nearer future.

Payment systems, including contactless cards as well as mobile-phone digital wallets have already become prevalent in some countries.

By the way, 41% of Italians would like to go cash.   



CPI is the most important inflation data that affects the Central Bank’s monetary policy.


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