12 Jan, 2023 @ 13:30
1 min read

Use of cash in Spanish stores drops drastically compared to 2019 new study finds

Thieves steal €13,000 after conning a man who withdrew cash from a bank in Spain's Costa Blanca
Businessman counting Euro notes

Paying with cash is quickly becoming a thing of the past as more people opt to pay via card or mobile apps than ever before.

The use of cash in stores across Spain has dramatically decreased from 83% to 66% in the past three years, according to new figures. 

A study conducted by the Bank of Spain found the use of digital or card payment in shops had accelerated since 2019, before the Covid-19 pandemic hit. 

The growing use of mobile payment app Bizum had also contributed to the increase in digital payments, the data found. 

Benidorm Restaurant Thief In Cash Register Spree In Costa Blanca Area Of Spain
People are paying with cash less in Spanish stores.

Bizum, which allows a quick transfer between people from your mobile phone, represented 13% of payments between individuals. 

The study found the bank card was used in 28% of purchases in then past three years, 13 percentage points more than in 2019.

People paying in-store with their mobile phones was also 3.7% more than in 2019.

Older people used cash more, the study found. 

People aged over 55 made up about 70% of their purchases in stores with cash, compared to 60% in those aged under 40. 


Anthony Piovesan

Anthony joins the Olive Press from Australia, where he worked as a journalist for six years. He reported for country and suburban newspapers, before becoming a political correspondent for News Corp.

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