European Central Bank’s (ECB) survey1 results show that cash was on average* dominant at the point-of-sale (POS) in the overall euro area in 2016, i.e. 78.8% of purchases were paid using cash. The EPC invited professionals working in the payments industry to share their views on how the future of cash will look like by 2025 at the POS in the euro area.
The question asked over the last two months to all interested stakeholders was the following: “What will be the market share of cash by 2025 in the euro area as a % of the total number of POS payments? ECB data showed an average* share of 78.8% in 2016.*“
The results are as follows:
less than 11% (8%)
11%-20% (12%)
21%-30% (14%)
31%-40% (17%)
41%-50% (15%)
51%-60% (13%)
61%-70% (13%)
above 70% (8%)
To sum up, almost two thirds of voters agreed that cash will have a market share of 50% or less by 2025 as a % of the total number of POS payments in the euro area. Slightly over a third of respondents voted for a market share of more than 50%.
* The relative usage of cash differs greatly among the 19 euro area countries
1 ECB Occasional Paper Series No 201 / November 2017
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