One Third Happy to Ditch Cash as Europe Looks to Digital Future
- ING survey shows 21% of Europeans rarely carry notes or coins
- But three quarters say they’ll never totally give up cash
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Cash may still be king for most Europeans, but more than one in three would be happy to abandon it altogether.
Twenty-one percent of people already rarely carry physical notes or coins, with 1 percent saying they haven’t needed to for at least year, according to a survey of almost 15,000 people by ING published Wednesday. More than half of respondents said they used less cash over the last year and the majority of those expect to use it even less in the next.