Cash remains the most widely accepted payment method in the euro area, with 92% of companies selling goods and services in physical locations accepting it in 2026. This represents a slight rebound from 90% in 2024, following a decline observed during and after the pandemic. The European Central Bank's latest survey on cash usage by companies in the euro area shows that cash acceptance has increased, while acceptance of card payments remained broadly stable at 88% between 2024 and 2026. However, acceptance of mobile payments rose sharply from 36% to 68% of companies over the same period. Companies in the euro area value cash for its privacy and reliability, with 25% of them taking steps to promote digital payments, such as investing in tills that accept cashless payments or reducing the number of tills that accept cash. The survey covered 8,205 companies across all 21 euro area countries, with interviews conducted between February and April 2026. The results suggest that while digital payments are becoming more popular, cash remains a widely accepted and valued payment method in the euro area. The increase in cash acceptance may be due to the convenience and anonymity it offers, as well as the security and ease of handling that companies associate with it. The survey's findings are significant, as they indicate that cash is still a vital part of the payment landscape in the euro area, despite the growing trend towards digital payments. The European Central Bank's survey provides valuable insights into the payment habits of companies in the euro area, highlighting the importance of cash and the need for businesses to adapt to changing consumer preferences. Overall, the survey's results suggest that cash will continue to play a major role in the euro area's payment landscape, alongside digital payment methods. The European Central Bank's findings are likely to be of interest to businesses, policymakers, and consumers alike, as they navigate the evolving payment landscape in the euro area.
Economy
Cash Remains Most Widely Accepted Payment Method in Euro Area
Cash remains the most widely accepted payment method in the euro area, with 92% of companies accepting it in 2026, according to the European Central Bank's latest survey.
Source: European Central Bank
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