EU countries with the most cashless payment transactions 2017

EU member states with the most cashless payment transactions in 2017 (in millions)

EU countries with the most cashless payment transactions 2017 The statistic shows the member states of the European Union with the biggest number cashless payment transactions in 2016. In the United Kingdom, nearly 30 billion transactions were reported from the cashless payment segment, making the UK Europe’s leading member state in terms of cashless payment transactions.
Cashless payment transaction in Europe

The practice of paying without cash has its roots in the United States and was first used in the 1940s as a means of paying for automobile fuel. As the number of motorists in the country that would soon become the world’s dominant economy began to rise, a way was sought to make the process of re-fuelling more convenient. This was the dawn of the cashless payment.

It had been a while before the practice was to be adopted in other parts of the world. Initial adoption rates of one form of cashless payment, the credit card, were high in the United States, Canada and the United Kingdom but elsewhere the acceptance levels were relatively slow. It took until the mid 1990s for the credit card payments to be more widely accepted, but despite this, usage rates around the world vary vastly.
Some countries are very cash oriented and despite Germany’s position as the country with the third highest number of cashless payment transactions in Europe, the country is generally considered to be primarily cash-reliant. Cultural aspects might have a role to play into that: debt and financial insecurity is identified as a highly negative value in the culture. The fear of ‘Schuld’, which translates as well into ‘guilt’ and ‘blame’ as it does into ‘debt’, stands as one of the possible reasons to explain as to why it is more common to pay with cash in Germany.
Show more

EU member states with the most cashless payment transactions in 2017 (in millions)

Loading statistic...
Expand statistic
Number of transactions in millions
United Kingdom 29,871.5
France 21,964.3
Germany 21,282.3
Spain 7,837.9
Netherlands 7,794.9
Poland 6,511.7
Italy 6,035
Sweden 5,008
Belgium 3,937.4
Luxembourg 2,829.1
Czech Republic 2,776.5
Finland 2,718.9
Denmark 2,602.5
Portugal 2,391.6
Austria 1,781.6
Ireland 1,407.1
Hungary 1,329.6
Greece 1,067.3
Slovakia 887.7
Croatia 736.6
Romania 723.6
Lithuania 505.5
Bulgaria 500.6
Estonia 466.2
Latvia 452.2
Slovenia 409.6
Cyprus 102.1
Malta 54.4
Number of transactions in millions
United Kingdom 29,871.5
France 21,964.3
Germany 21,282.3
Spain 7,837.9
Netherlands 7,794.9
Poland 6,511.7
Italy 6,035
Sweden 5,008
Belgium 3,937.4
Luxembourg 2,829.1
Czech Republic 2,776.5
Finland 2,718.9
Denmark 2,602.5
Portugal 2,391.6
Austria 1,781.6
Ireland 1,407.1
Hungary 1,329.6
Greece 1,067.3
Slovakia 887.7
Croatia 736.6
Romania 723.6
Lithuania 505.5
Bulgaria 500.6
Estonia 466.2
Latvia 452.2
Slovenia 409.6
Cyprus 102.1
Malta 54.4
Download Settings Share
Download started
Please be patient - this may take a moment
The statistic shows the member states of the European Union with the biggest number cashless payment transactions in 2016. In the United Kingdom, nearly 30 billion transactions were reported from the cashless payment segment, making the UK Europe’s leading member state in terms of cashless payment transactions.
Cashless payment transaction in Europe

The practice of paying without cash has its roots in the United States and was first used in the 1940s as a means of paying for automobile fuel. As the number of motorists in the country that would soon become the world’s dominant economy began to rise, a way was sought to make the process of re-fuelling more convenient. This was the dawn of the cashless payment.

It had been a while before the practice was to be adopted in other parts of the world. Initial adoption rates of one form of cashless payment, the credit card, were high in the United States, Canada and the United Kingdom but elsewhere the acceptance levels were relatively slow. It took until the mid 1990s for the credit card payments to be more widely accepted, but despite this, usage rates around the world vary vastly.
Some countries are very cash oriented and despite Germany’s position as the country with the third highest number of cashless payment transactions in Europe, the country is generally considered to be primarily cash-reliant. Cultural aspects might have a role to play into that: debt and financial insecurity is identified as a highly negative value in the culture. The fear of ‘Schuld’, which translates as well into ‘guilt’ and ‘blame’ as it does into ‘debt’, stands as one of the possible reasons to explain as to why it is more common to pay with cash in Germany.
Show more
Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
paypalgoogleadobepgsamsungtelekom
Statista has been my savior on several occasions. The site is easy to maneuver and the data is in a format that can go right into a report or presentation.
Marlene Greenfield

Marlene Greenfield
Vice President, Hearst Magazines

Statistics on "Payment methods in the Benelux"
  • Leading methods - online and offline
The most important statistics
  • Cash money
  • Card payments
  • Direct debits
  • E-money
  • Transfers
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Learn more about how Statista can support your business.
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.