Cash use, access and acceptance in Spain: An analysis drawing on the 2023 Study on Cash Use Habits

Lorena Barreiro, Laura Ferrando and Diana Posada
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Lorena Barreiro: Banco de España
Laura Ferrando: Banco de España
Diana Posada: Banco de España

Economic Bulletin, 2024, issue 2024/Q1, No 01

Abstract: Rationale: The Study on Cash Use Habits compiles valuable information on means of payment. This data can be used to assess the relevance of cash as a payment method and the prospects for its use going forward. Takeaways: •In 2023, 65% of the Spanish population used cash on a daily basis, while 60% said it remained their main means of payment at physical points of sale (POS). •Cash remains widely used in Spain, with its demand shaped by various factors: the availability of non-cash alternatives, user preferences, ease of access and level of acceptance. •Looking ahead, consumer expectations indicate a moderate shift in payment habits towards digital methods.

Keywords: Use of cash; payment attitudes; access to cash; cash acceptance (search for similar items in EconPapers)
JEL-codes: E41 E51 J33 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:bde:journl:y:2024:i:01:n:01

DOI: 10.53479/34892

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