PYMNTS

OCTOBER 11, 2017

That said, with the European economy improving, the overall volume of cash usage is continuing to grow at an estimated compound annual growth rate of 27.8 To read the story and check out the complete Western and Eastern Europe analysis, download the report. But does that mean cash will forever continue to be atop the wallet heap?

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ATM ATMIA Alternative Payment Methods Contactless Payments 45

PYMNTS

JUNE 22, 2016

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. While certain countries like Sweden and Ireland are showing negative cash usage growth, the impression of the European economy moving away from cash is far from real.

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ATM ATMIA Economy Use Case 51

PYMNTS

OCTOBER 5, 2016

Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, agreed. He also cited a “shadow economy,” or black market, that, according to some estimates, occupies around one-quarter of the country’s economy and relies on cash. This market alone will keep the method in use, he said. “We

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Debit Card ATMIA ATM Research 71

PYMNTS

JUNE 23, 2016

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.

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