Eurozone Sees Cash Comeback Amid Consumer Privacy Concerns

Cash is making a comeback in Europe as consumers prioritize privacy and security. According to new data from the European Central Bank, 92% of physical stores across the eurozone accept cash.

In a post-pandemic 'bounce', cash acceptance has increased from 90% in 2024 to 92% this year. The ECB notes that companies most commonly cite consumer preference, security, and ease of handling as reasons for accepting cash.

The survey also found that 25% of eurozone companies are adopting digital payments such as self-checkout terminals or reducing the number of cash tills. However, 92% of companies with physical stores expect to continue accepting cash in the next five years.