In Switzerland, the decline in cash is confirmed

1970-01-01 00:00:00

The proportions change, but not to the point of upsetting everything. In Switzerland, we still pay in cash, according to what reveals the most recent survey of the Swiss National Bank (SNB) on means of payment, published Thursday. But this domination is crumbling. While in 2017, 70% of transactions were carried out in cash, they had fallen to 43% in 2020. The pandemic has accelerated a change already underway, in particular due to concerns regarding the transmission of covid via coins and coins. Bank notes. Many have adopted other digital payment methods and this trend, although slower, has continued: according to the latest survey, conducted in 2022, 36% of transactions are still made in cash. So 64% are done by other means.

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