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Europe Digs Deeper Into Its Pockets – Cash Still There

PYMNTS

For now, while certain countries in the Eurozone are fast moving toward become cash-free economies, the remaining majority of European countries show positive cash growth. trillion in cash is projected to be used for payments in WU-15 in 2020 compared to €2.1 trillion used in 2015. Is cash usage growing?

ATM 51
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Lithuania’s Lasting Love Of Cash

PYMNTS

In fact, our research estimates a $300 billion increase in the amount of cash in the Eastern European market between 2015 and 2020. Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, agreed. In Greece, when there were economic problems, [cash] usage went up,” Delnevo said.

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What Can The State Of ATMs Reveal About The Condition Of Cash?

PYMNTS

At least that’s what Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, suggests. Looking at this global trend, China and India are emerging as the two economies – despite their rapid growth rate – that are becoming more invested in keeping their cash flow strong and running.

ATM 41