Meanwhile, Sweden had the least amount of change in it's numbers. Starting at an already low 13% of payments being made with cash, since 2019 the country has seen a reduction of nearly 11%.
Brits seem to be having an attitude change towards handling cash when making their payments, but the process is a bit slower.
The island recorded a 21% drop in cash payments over the last two years, with the most significant decrease being between 2020 and 2021 of 10%.
According to smithers.com
, non-cash payment growth will reach a total of 1.22 trillion transactions in 2024 and 1.96 trillion in 2029. But by that time, will Sweden remain in the top spot for leaving cash behind?