Cash Isn't Going Away Any Time Soon. Here's why:

 

80% World Transactions are cashCashless proponents have sounded the death knell for cash for at least two decades, but their predictions have been premature. To be sure, digital forms of payment have received a boost in recent years but have not succeeded in completely displacing coins and paper money. It’s unlikely cash will be entirely displaced anytime soon – if ever.

The need for legal tender remains high in a variety of settings, including small retail shops, convenience stores and environments where tipping is common. Cash has proven resilient despite threats over the years from a variety of alternatives, including credit and debit cards, online payment systems and digital wallets.

 

 

 

Current State of Cash

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Cash accounts for 80% of all transactions worldwide

Cash Purchases

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55% of purchases under $5 are made with cash

 

Future of Cash

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4 in 5 people expect to be using cash in 2026

Cash in Circulation

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There is over $1.70 trillion in circulation as of 1-31-19

Cash is Inclusive

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7.7% of the U.S.'s households are unbanked

Cash vs. Cards

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55% of small businesses don't take plastic due to credit card fees

 

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View Supporting Global Cash Articles and Stats

Review our collection of industry reports and supporting data on global cash usage. 

Recent Blogs Related to Cash

Video: Seven Situations Where Cash is King

Cash has proven resilient despite threats over the years from a variety of alternatives, including credit and debit cards, online payment systems and digital wallets. Here are seven reasons why cash is king.

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