Top 10 countries where use of Credit & Debit Cards (Cashless transactions) are too much – Must Read.
Cashless Transactions Country List
Nowadays, people in India understood the importance of “Cashless Translations” after PM Narendra Modi government declare BAN on Rs.500 and Rs.1000 notes. A transaction in which cards like Credit or Debit Cards are being used to purchase some goods are called as Cashless Transactions. In these types of translations, very less amount of physical money is circulated among people.
In foreign countries, they use Credit or Debit cards which is also called as Plastic money to purchase some goods and globally cashless transactions have been growing.
Countries like India and China still use too physical money in their day to day life to purchase goods but things are getting changed and should getting changed.
But do you top 10 countries where transactions are cashless? Here are they:-
One of the European country in which only 7% people use cash for transaction and 93% people uses non cash payments. And as per report, 86% of people uses debit cards for purchasing goods. This country is very close to the cashless world society, isn’t it crazy guys?
Another European country in which 8% people use cash for transaction & 92% people prefer non cash payments. As per report, 69% of people uses debit cards.
North American country in which 90% cashless transaction and use of debit card is 88%.
4) United Kingdom
89% consumer prefer plastic money for transactions and use of debit card is upto 88%.
89% people are doing cashless transactions and use of debit card is 96%.
Noncash payments share is 86% and debit card usage is 79%
7) The Netherlands
Noncash payments share is 85% and debit card usage is 98%
8) United States
80 % transactions, cashless
76 % transactions, cashless
10) South Korea
70 % transactions, cashless
There are many advantages of less cash economy and we should take some efforts to become cashless transaction economy.
So guys, which type of transaction you prefer, do let us know in the comments section below.
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