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Cash use, access and acceptance in Spain: An analysis drawing on the 2023 Study on Cash Use Habits

Author

Listed:
  • Lorena Barreiro

    (Banco de España)

  • Laura Ferrando

    (Banco de España)

  • Diana Posada

    (Banco de España)

Abstract

Rationale: The Study on Cash Use Habits compiles valuable information on means of payment. This data can be used to assess the relevance of cash as a payment method and the prospects for its use going forward. Takeaways: •In 2023, 65% of the Spanish population used cash on a daily basis, while 60% said it remained their main means of payment at physical points of sale (POS). •Cash remains widely used in Spain, with its demand shaped by various factors: the availability of non-cash alternatives, user preferences, ease of access and level of acceptance. •Looking ahead, consumer expectations indicate a moderate shift in payment habits towards digital methods.

Suggested Citation

  • Lorena Barreiro & Laura Ferrando & Diana Posada, 2024. "Cash use, access and acceptance in Spain: An analysis drawing on the 2023 Study on Cash Use Habits," Economic Bulletin, Banco de España, issue 2024/Q1.
    • Handle: RePEc:bde:journl:y:2024:i:01:n:01
    DOI: https://doi.org/10.53479/34892
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    More about this item

    Keywords

    Use of cash; payment attitudes; access to cash; cash acceptance;
    All these keywords.

    JEL classification:

    • E41 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Demand for Money
    • E51 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Money Supply; Credit; Money Multipliers
    • J33 - Labor and Demographic Economics - - Wages, Compensation, and Labor Costs - - - Compensation Packages; Payment Methods

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