Companies prefer cash over digital payments - ECB
The decline in cash acceptance observed during and following the Covid-19 pandemic has paused, according to fresh data from the European Central Bank.
The decline in cash acceptance observed during and following the Covid-19 pandemic has paused, according to fresh data from the European Central Bank.
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Why it matters
The ECB's observation that the decline in cash acceptance has paused is a routine update on payment preferences with limited immediate impact on credit markets or financial professionals' decision-making.
Sources
Finextra
Companies prefer cash over digital payments - ECB
The decline in cash acceptance observed during and following the Covid-19 pandemic has paused, according to fresh data from the European Central Bank.