Who Still Uses Cash?
11 days ago
- #cash usage
- #digital payments
- #economic patterns
- Poorest countries rely heavily on cash due to limited banking infrastructure (e.g., Myanmar 98%, Ethiopia 95%, Gambia 95%).
- Wealthy nations are nearly cashless (e.g., Sweden 14%, Norway 10%, South Korea 10%) due to advanced digital payment systems.
- Emerging economies like Mexico (80%), India (70%), and Thailand (65%) still show significant cash usage.
- Japan (60%) and Germany (51%) are outliers among wealthy nations due to cultural preferences for cash and privacy concerns.
- Italy (62%) stands out in Western Europe, possibly due to its informal economy.
- China (10%) has leapfrogged to mobile payments (Alipay/WeChat Pay), bypassing traditional card infrastructure.