Money Buzz! Europa

Tag: cash

  • 29% of Romanians believe that cash spreads coronavirus

    29% of Romanians believe that cash spreads coronavirus

    1 in 2 Romanians does not believe at all that cash contributes to the spread of the new coronavirus, a Reveal Marketing study shows.

    In contrast, 29% of respondents state the opposite – they are confident that cash can spread the virus. Those who are passive on this subject represent 21% of respondents.

    Those who believe that the virus can be transmitted by cash are the youngest respondents – single millennials – 36%.

    At the opposite pole are 63% of young professionals, followed by more than half of single adults (55%).

    Similarly, about half of modern families (49%) and half of traditional families (51%) do not expect the money to influence the transmission of the new coronavirus in any way.

    Looking at the entire sample, 21% of Romanians do not express any strong opinion on this subject. The passive segments in this regard are retired seniors – 32% of them are neutral on this question, as are 22% of modern families.

    Romanian to pay less with cash this year

    More than half of Romanians (55%) say that next year they will use less and less cash – especially educated adults and those without a partner.

    67% of single adults and 63% of modern families say that in 2021 they will make fewer cash payments.

    Even 62% of retired seniors agree. Instead, a third of Romanians (33%) believe that they will use as much cash in the next year as they used in 220.

    Traditional families and young professionals are equal (about 40% in both segments) in terms of payment habits – they will use as much cash as last year.

    Only 2% of respondents say they will use more cash this year, and 10% selected „Don’t know” when asked about their payment habits next year.

  • Euro zone: Four out of ten card transactions were made using contactless technology

    Euro zone: Four out of ten card transactions were made using contactless technology

    Euro area consumers are gradually shifting towards cards for in-person retail payments, although cash remained the most used instrument at the end of 2019, data published by the European Central Bank (ECB) show.

    Last year euro area adult consumers used cash for 73% of their point-of-sale and person-to-person retail transactions (48% in value terms).

    In a previous ECB study conducted in 2016, the figure was 79% of these transactions (54% in value terms).

    The use of cards for in-person retail payments increased by 5 percentage points over the same three years, from 19% to 24% (41% in value terms).

    Almost four out of ten card transactions were made using contactless technology in 2019.

    For their online shopping, euro area adult consumers paid mainly by card (49% of transactions) and one out of four online transactions was made using e-payment solutions.

    Four out of ten bill payments were made using direct debit and two out of ten by credit transfer.

    How Covid-19 pandemic changed payment behavior

    Four out of ten respondents replied that they had used cash less often since the start of the pandemic. While most of those who fell into this category expected to continue to do so after the pandemic, the long-term impact on payment behaviour is still uncertain.

  • In Austria you can withdraw money from supermarket tills

    In Austria you can withdraw money from supermarket tills

    In more than 3.700 shops throughout Austria, cash can also be withdrawn at the cash registers, says Heute.

    Billa, Bipa, C&A, the organic retailer Denn’s, Hofer, Lidl, Mediamarkt, Merkur, Mpreis, Penny, Unimarkt and Zgonc are now included, as well as some hosts in the rural sector. 

    How this service works?

    Before paying at the checkout, you can say how much cash you want.

    Per purchase, you can withdraw from 10 euros to 200 euros. This also works several times a day, if the limit set by the bank allows this.

    The service can be used free of charge with virtually all classic ATM cards and the Debit Mastercard.