The PYMNTS.com Global Cash Index - United States Analysis
The PYMNTS.com Global Cash Index™, a Cardtronics collaboration, focuses on the use of cash for making payments and as a payment method that equally plays a role with cards, checks, direct debit and other methods of settling up between consumers and businesses. Unlike most reported estimates of cash, our proprietary data analysis focuses on the use of cash for making payments rather than hoarding.
KEY FINDINGS INCLUDE:
- In 2015, Americans spent a total of $2,359 billion in cash and $5,527 billion with cards.
- Cash usage in the U.S. is still higher than in Western European countries. In 2015, cash usage in the U.S. represented 13.1 percent of its GDP, whereas at the same time, it represented 7.7 percent of GDP in Finland, 7.1 percent in France, 7.4 percent in Netherlands, 5.6 percent in Sweden and a mere 4.5 percent in Switzerland.
- PYMNTS research estimates that cash share in the United States will represent 11.7 percent of its GDP in 2020.
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