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.
Distribution of total (points of sales) POS payments in the Netherlands in 2020, based on transaction number per age group
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DNB. (July 28, 2021). Distribution of total (points of sales) POS payments in the Netherlands in 2020, based on transaction number per age group [Graph]. In Statista. Retrieved May 22, 2022, from https://www.statista.com/statistics/1032459/relative-pos-payments-per-age-group-in-the-netherlands/
DNB. "Distribution of total (points of sales) POS payments in the Netherlands in 2020, based on transaction number per age group." Chart. July 28, 2021. Statista. Accessed May 22, 2022. https://www.statista.com/statistics/1032459/relative-pos-payments-per-age-group-in-the-netherlands/
DNB. (2021). Distribution of total (points of sales) POS payments in the Netherlands in 2020, based on transaction number per age group. Statista. Statista Inc.. Accessed: May 22, 2022. https://www.statista.com/statistics/1032459/relative-pos-payments-per-age-group-in-the-netherlands/
DNB. "Distribution of Total (Points of Sales) Pos Payments in The Netherlands in 2020, Based on Transaction Number per Age Group." Statista, Statista Inc., 28 Jul 2021, https://www.statista.com/statistics/1032459/relative-pos-payments-per-age-group-in-the-netherlands/
DNB, Distribution of total (points of sales) POS payments in the Netherlands in 2020, based on transaction number per age group Statista, https://www.statista.com/statistics/1032459/relative-pos-payments-per-age-group-in-the-netherlands/ (last visited May 22, 2022)
