The number of cash payments fell by 39 percent, especially the elderly swear off cash

Cash has been on the way back for a while, but that trend has accelerated significantly in the past year due to the corona virus. Remarkably, cash is least popular with the 65-74 year olds. In that age category, cash is barely 9 percent the preferred means of payment. Of all ages, 13 percent prefer to pay with banknotes and coins. The fact that elderly people drop cash may be related to hygienic motives. The most vulnerable active group to the corona virus that has started to avoid cash.

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