In Germany, 62% of people pay cash in pedestrian zones (Cardtronics, 2017)
May 14, 2018
Cardtronics Deutschland present further insight on Germany's relationship with cash and the influence of ATMs on its local economies in a study based on findings by YouGov, an international data research firm. The results are in...
Excerpt from The Value of Cash for Retailers and Financial Institutions
The 3 most important insights
1) In many types of retail outlets, our survey reveals cash is by far the most popular way to pay for purchases.
Asked how they paid for their last purchase at a wide range of shopping locations, our respondents indicate consumer payment behaviour favours cash – and by an overwhelming margin in certain locations:
2) Depending on the shopping environment, the average cash spend of customers is up to 30% higher after a cash withdrawal at a nearby ATM.
3) 36% of Germans would consider switching to a bank with a closer cash machine if their local branch closed and no ATM service was offered anymore.