Cash payment down sharply in eurozone

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Cash payment down sharply in eurozone

STORY: Cash payment down sharply in eurozone DATELINE: Dec. 28, 2022 LENGTH: 00:01:24 LOCATION: LYON, France CATEGORY: ECONOMY SHOTLIST: 1. various of customers paying with a bank card in stores in Lyon, France 2. various of coins, banknotes and bank card STORYLINE: According to a study by the European Central Bank (ECB), cash payment represents 59 percent of in-store transactions in the eurozone in 2022, compared to 72 percent in 2019 and 79 percent in 2016. The COVID-19 pandemic and the development of contactless bank card payment methods have reduced the use of cash payments. Initially imposed for reasons of hygiene, Europeans have adopted new payment habits. For the first time this year, card payments exceeded cash payments in Europe. Payment by credit card has increased from 25 percent of transactions in 2019 to 34 percent in 2022. The continued development of e-commerce is also an important factor in analyzing these figures. The share of online purchases as a percentage of all euro area day-to-day

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