Question of the week
Are you afraid that cash will be abolished?
More and more Austrians are afraid of the end of cash. The trend is moving towards ATM and digital payments, but it doesn't seem to have arrived in Austria yet. There is also talk of a "digital euro", which could slowly but surely replace the "real" euro. Are you worried that cash will be abolished?
"When it comes to making payments, Austrians ... still often rely on cash," says Markus Ampenberger. He is the co-author of the Global Payments Report 2025, published on Monday by the Boston Consulting Group (BCG). In Germany, there are around 314 digital transactions per capita per year, compared to around 800 in Norway, the European leader in this area.
Why are cash payments and cash still so popular in Austria? How do you prefer to handle your payments? What concerns do you have if cash is actually abolished at some point, or do you see nothing negative in this? We look forward to your opinion in the comments!
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read the original article here.
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