Tap a card, pay by phone, but cash still holds its own

The use of cashless payments continues to increase globally. Credit transfers are the fastest growing cashless payment method in emerging market and developing economies (EMDEs), while the growth in cashless payments in advanced economies (AEs) is mainly driven by growth in card payments. Fast payments are gaining ground and are a key driver behind the growth of credit transfers in EMDEs. Fast payments are increasingly used for small-value payments in both EMDEs and AEs. Cash withdrawals are declining. However, cash in circulation has largely stabilised, underscoring the enduring relevance of cash in economies.


This information was gathered from the Bank for International Settlements


The Bank for International Settlements (BIS) is an international financial institution which is owned by members' central banks. Its primary goal is to foster international monetary and financial cooperation while serving as a bank for central banks. With its establishment in 1930 it is the oldest international financial institution. Its initial purpose was to oversee the settlement of World War I war reparations.  Last updated from Wikipedia 2026-10-08T09:18:47Z.
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Recently updated charts from the most popular data releases according to the Federal Reserve Economic Database (FRED).