Wednesday, December 20, 2017

Cash Use Still Common Despite Widening Payment Options

From eMarketer:

When it comes to payments, cash may no longer be consumers' first choice—though it's still a widespread and even preferred option for many, depending on the type of transaction.

A study from ATM network Cardtronics found that 91% of internet users said that they used cash either to make a purchase, or to give money or get money from another person. This was a decrease of 4 percentage points over 2016.

But the inverse of that measure is telling. According to the study, nearly one in 10 respondents said they had not used cash at all in the previous six months.

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