Cash is still king as digital payments reshape Cyprus and Europe

Cash is still king as digital payments reshape Cyprus and Europe

European businesses are embracing digital payments at speed while continuing to rely heavily on cash for privacy, reliability and resilience, a tension that could shape the European Central Bank’s (ECB) case for introducing the digital euro and test how consumer rights are protected as payment data becomes increasingly digital. Recently-published ECB survey findings show that […]

Cash has 'regained its popularity' across Europe in 2026

Cash is making something of a post-pandemic comeback in Europe even as mobile banking surges, says new central banking data. And privacy concerns are driving the revival across the eurozone, a new European Central Bank (ECB) survey shows. It says cash’s popularity is enjoying a post-pandemic ‘bounce’ with 92% of physical stores accepting it. Click here to read the survey in full This year, 92% of non-online EU companies in the retail, dining (re…