2024 Methods-of-Payment Survey Report: Cash in an Era of Alternatives

Marie-Helene Felt, Anna Chernesky and Angelika Welte

No 2025-12, Discussion Papers from Bank of Canada

Abstract: The Methods-of-Payment (MOP) Survey tracks consumer use of cash and other methods of payment. We present core findings from the 2024 MOP Survey, highlighting results from both the survey questionnaire and subsequent three-day shopping diary. Although cash holdings have increased in nominal terms, we find that cash usage remains unchanged since 2020. Mobile and other alternative payment methods continue to grow in importance. The 2024 MOP Survey also collects new data on how consumers perceive bank note quality.

Keywords: Bank notes; Digital currencies and fintech; Financial services (search for similar items in EconPapers)
JEL-codes: D83 E41 (search for similar items in EconPapers)
Pages: 67 pages
Date: 2025-08
New Economics Papers: this item is included in nep-mon and nep-pay
References: Add references at CitEc
Citations:

Downloads: (external link)
https://doi.org/10.34989/sdp-2025-12 Abstract (text/html)
https://www.bankofcanada.ca/wp-content/uploads/2025/08/sdp2025-12.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bca:bocadp:25-12

Access Statistics for this paper

More papers in Discussion Papers from Bank of Canada 234 Wellington Street, Ottawa, Ontario, K1A 0G9, Canada. Contact information at EDIRC.
Bibliographic data for series maintained by ().