Cash ousted in Spain as main means of payment during pandemic, Bank of Spain says

20 Tháng Bảy 2021
Cash ousted in Spain as main means of payment during pandemic, Bank of Spain says © Reuters. FILE PHOTO: The complete Europa series, with the new 100- and 200-euro banknotes, is displayed during a presentation at the ECB headquarters in Frankfurt, Germany, September 17, 2018. REUTERS/Kai Pfaffenbach

MADRID (Reuters) - Cash was ousted as the main means of payment during the COVID-19 pandemic by Spaniards, who instead opted to pay by debit card last year, according to a poll published on Monday by the Bank of Spain.

In 2020, 54.1% of Spaniards preferred to use debit cards as their first choice of payment compared with 35.9% who opted to pay in cash. However, the use of cash rose to 37.5% in Spanish towns with less than 100,000 inhabitants.

The Bank of Spain said in its survey that the overall decline in the preference for cash has been showing a sustained trend since 2014, when almost 80% of respondents made it their first choice.

However, cash is still the most used means of payment in younger and older age groups, the Spanish central bank said.

Debit cards are the preferred means of payment for 64.8% of businesses, while 26.4% of small businesses still opted for cash, compared with 36.2% in 2019.

The poll comes just a few days after the European Central Bank took a first step towards launching a digital version of the euro, part of a global drive to meet growing demand for electronic means of payment, though also to tackle a boom in cryptocurrencies.

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27-07-2021 20:06:00 (UTC+7)

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 EUR/USD1.1817↑ Buy
 GBP/USD1.3822↑ Buy
 USD/JPY109.93↑ Sell
 AUD/USD0.7375↑ Buy
 USD/CAD1.2561↑ Sell
 EUR/JPY129.90↑ Sell
 EUR/CHF1.0805↑ Sell
 Gold1,802.30Neutral
 Silver25.152Sell
 Copper4.5888↑ Buy
 Crude Oil WTI71.89Buy
 Brent Oil73.75↑ Sell
 Natural Gas4.002↑ Sell
 US Coffee C204.43Buy
 Euro Stoxx 504,083.88↑ Buy
 S&P 5004,422.30↑ Buy
 DAX15,558.30Buy
 FTSE 1007,000.45↑ Buy
 Hang Seng25,060.87↑ Buy
 Small Cap 20002,216.03↑ Buy
 IBEX 358,680.00Sell
 BASF67.080↑ Buy
 Bayer50.50↑ Sell
 Allianz209.57↑ Buy
 Adidas311.98↑ Buy
 Lufthansa9.966↑ Buy
 Siemens AG133.02Sell
 Deutsche Bank AG10.546↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank5,660/ 5,715
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SJC HCM5,660/ 5,730
(-20/ -15) # 728
SJC Hanoi5,660/ 5,732
(-20/ -15) # 730
SJC Danang5,660/ 5,732
(-20/ -15) # 730
SJC Nhatrang5,660/ 5,732
(-20/ -15) # 730
SJC Cantho5,660/ 5,732
(-20/ -15) # 730
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