Cash Payments: An International Comparison

Niklas Arvidsson
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Niklas Arvidsson: Royal Institute of Technology

Chapter Chapter 3 in Building a Cashless Society, 2019, pp 23-25 from Springer

Abstract: Abstract A global trend in retail payments is that noncash transactions grow steadily but that cash transactions still are important—especially when it comes to low-value payments—and even increasing in some countries. The World Payments Report (2017) shows that cash in circulation in relation to GDP decreases in a small number of countries—Sweden, Denmark, the UK, Canada, and South Africa—while overall trend is that this ratio is stable or increasing. The trend is continuing globally where noncash transaction grew globally with 10.1% in 2016 (World Payments Report, 2018).

Date: 2019
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DOI: 10.1007/978-3-030-10689-8_3

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