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Europeans still favour cash

Europeans still favour cash for most payments at points-of-sale, according to a forthcoming survey carried out by the European Central Bank.

European Central Bank President Mario Draghi said: “Even in this digital age, cash remains essential in our economy. A soon-to-be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash.”

The survey results will be made available this summer.