Raynor de Best
Research expert covering finance, insurance & real-estate, internet & e-commerce
Get in touch with us nowMost used payment methods at POS of different age groups in the Netherlands 2020
Do young people in the Netherlands still pay with cash? In 2020, Millennials aged 25 to 34 years old, were most inclined to use electronic payment methods: 69 percent of all their POS transactions were contactless. Almost 40 percent of all payments done by 12-to-18-year-olds were done with cash money. The source, however, does not distinguish further within this age bracket. One can therefore wonder whether a 17-year-old still used as much cash money as a 12-year-old. As Dutch teenagers grew older, for example, they started to use more online banking functions.
