Cash Usage Analysis

In most countries, cash payments’ share of total payments volume is declining. However, cash in circulation (CIC) remains stable or up slightly over the past five years. Globally, CIC has increased from 4% to 7% annually over the last five years, despite lawmakers’ support of non-cash transactions. Interestingly, countries with the highest non-cash transactions volume also continue to be highly dependent on cash.

Cash usage analysis

Cash is still resilient to growing array of digital alternatives. In most countries, cash payments’ share of total payments volume is declining. However, cash in circulation (CIC) remains stable or up slightly over the past five years. Globally, CIC has increased from 4% to 7% annually over the last five years, despite lawmakers’ support of non-cash transactions. Interestingly, countries with the highest non-cash transactions volume also continue to be highly dependent on cash.
 
Growth of cash in circulation vs non-cash transactions, by country, 2013-2017
 

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