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What is Digital Payments: Trends and Insights about?
This document summarizes key points from Deutsche Bank Research on the transition from cash to digital payments. It finds that the COVID-19 pandemic accelerated the decline of cash by 3-5 years, with card payments rising to a record 34% of point-of-sale transactions in Europe in 2022. However, cash is still essential for the unbanked, elderly, and in disasters. While digital payments are growing, cash usage as a percentage of GDP is also increasing and around one-third of consumers in Europe and America sti
- Author
- MarJorie AlvaRez VEga
- Language
- EN