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The countries where cash is becoming obsolete

Where cash is no longer king
30. South Africa
29. Germany
28. Malaysia
27. Hungary
26. Portugal
25. Austria
24. Slovakia
23. Spain
22. Belgium
21. Russia
20. Poland
19. Czech Republic
18. Lithuania
17. Switzerland
16. USA
15. Japan
14. Singapore
13. Latvia
12. Canada
11. France
10. Netherlands
9. Estonia
8. Ireland
7. Australia
6. UK
5. China
4. Sweden
3. Norway
2. South Korea
1. Finland
1 of 31
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Where cash is no longer king

Cash usage in many countries was already declining before COVID-19 hit, and concerns about banknotes and coins transmitting the virus could speed up its demise further. Using a ranking created by GlobalData – which analysed data from 2019 on smartphone and internet banking usage, the number of cards owned by each person, frequency of card usage and e-commerce spending as a percentage of GDP – click or scroll through to see the nations that are predicted to be the first to go cash-free.

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lovemoney staff

04 November 2020

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