Cash usage declined to 59% in 2024, says study

Consumers continuing to increase use of digital payment options

Cash was used in 59% of transaction in 2024, a study of more than 1,000 Irish consumers showed. (Picture: iStock)

Cash usage declined marginally in Ireland in 2024, with 59% use in transactions, a study of more than 10,000 consumers across Europe found.

The BearingPoint European Payment Study gathered answers from nine European countries. The study, which included more than 1,000 Irish respondents, showed a gradual decline in cash usage in Ireland, from 61% in 2023 down to 59% in 2024.