Romania revealed as the country most reliant on physical cash, survey says

0

Get real time updates directly on you device, subscribe now.

In some countries physical cash still rules, despite the introduction of many digital payment methods.

Merchant Machine has taken an in-depth look at payment methods of different countries around the world to find the nations where physical cash still takes precedence.

Rank

Country

Cash Transaction (%)

Population Unbanked (%)

No. of ATMs per 100,000 adults

1

Romania

78%

42%

64.44

2

Egypt

55%

67%

20.07

3

Kazakhstan

60%

41%

85.94

4

Bulgaria

63%

28%

94.33

5

Ukraine

60%

37%

96.3

 

The full list:

  1. Romania

  2. Egypt

  3. Kazakhstan

  4. Bulgaria

  5. Ukraine

  6. Morocco

  7. Philippines

  8. Peru

  9. Hungary

  10. Vietnam

With over 70% of payments made in cash, Romania has been revealed as the country most reliant on physical cash. Nearly half (42%) of the Eastern European country population is unbanked showing that many of the citizens still cling to notes and coins.

In Norway, on the other hand, only 3% of transactions are made in cash. Whilst there are only 31.6 ATMs per 1000 adults, the research found that 100% of the population own a bank account.

DONATE: Support our work
In an ever changing and challenging world, the media is constantly struggling to resist. Romania Journal makes no exception. We’ve been informing you, our readers, for almost 10 years, as extensively as we can, but, as we reject any state funding and private advertising is scarce, we need your help to keep on going.
So, if you enjoy our work, you can contribute to endorse the Romania Journal team. Any amount is welcome, no strings attached. Choose to join with one of the following options:
Donate with PayPal
Donate by Bank Wire
Black Zonure SRL
UniCredit Bank. Swift: BACXROBU
RON: RO84 BACX 0000 0022 3589 1000
EURO: RO57 BACX 0000 0022 3589 1001
USD: RO30 BACX 0000 0022 3589 1002

Leave A Reply

Your email address will not be published.