Level of cash use in Luxembourg 2012-2018

Luxembourg consumers used cash money for roughly one-quarter of all payment transactions in 2018, a number that is a relatively small decline compared to previous years. This according to estimations based on the available data regarding cash withdrawals and payment transactions. No data exists on the actual use of cash money, outside of survey diaries. Such a diary, covering consumers' use of cash money in shops, was held in Europe only once, in 2017. As not all payment data is readily available, like the use of OTC or over-the-counter cash withdrawals, note this can still mean that the cash share numbers provided here are not necessarily accurate.

Share of cash in total payment transactions in Luxembourg from 2012 to 2018

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Release date

February 2020



Survey time period

2012 to 2018

Supplementary notes

No data is available that covers the exact volume of transactions conducted with cash money. In order to make a credible estimation, this calculation looked at the following indicators:

  • Value of ATM cash withdrawals (either with cards issued by resident PSPs at any terminal, provided by either a resident or non-resident PSP, or with cards issued by non-resident PSPs at terminals provided by resident PSPs;
  • Value of OTC or over-the-counter cash withdrawals;
  • Value of card payments, issued by resident PSPs;
  • Value of e-money payment transactions, issued by resident PSPs.

To summarize, this methodology tries to put cash withdrawals, either at an ATM or OTC, in the perspective of all payment transactions (withdrawals + card payment+ e-money transactions) within a country. Numbers on checks, ACH or instant payments have not been used.

* Note that numbers on OTC withdrawals and e-money are not always readily available for all years. Multiple sources were consulted to get to these numbers. In the case of Luxembourg, no OTC numbers were available. E-money was available, but these are difficult to use in these calculations. This had two reasons: first, e-money for Luxembourg includes P2P transactions. Second, the ECB stated that "the transactions are counted according to the principle of the residence of the account. A large proportion of e-money account holders are not LU residents". For these reasons, e-money was omitted from 2014 onwards as the outcome would have been below four percent.

The values used in the calculations for Luxembourg were in euros.

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