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Thread: The most cashless societies in the world

  1. #1
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    Post The most cashless societies in the world



    In 2013 Mastercard release a report called Cashless Journey, analysing the percentage of cashless transactions as a share of the total value of consumer payments in 33 countries. Here is the ranking.



    1. Belgium : 93%
    2. France : 92%
    3. Canada : 90%
    4. United Kingdom : 89%
    5. Sweden : 89%
    6. Australia : 86%
    7. Netherlands : 85%
    8. United States : 80%
    9. Germany : 76%
    10. South Korea : 70%
    11. Singapore : 69%
    12. Japan : 62%
    13. Brazil : 57%
    14. China : 55%
    15. Spain : 54%
    16. Mexico : 53%
    17. Malaysia : 45%
    18. Italy : 44%
    19. Greece : 44%
    20. Taiwan : 43%
    21. South Africa : 43%
    22. Poland : 41%
    23. Thailand : 41%
    24. India : 32%
    25. Russia : 31%
    26. Indonesia : 31%
    27. Kenya : 27%
    28. United Arab Emirates : 26%
    29. Colombia : 23%
    30. Peru : 23%
    31. Saudi Arabia : 19%
    32. Nigeria : 10%
    33. Egypt : 7%


    The countries with the highest percentage of individuals possessing a debit card were the Netherlands (98%), Sweden (97%), the UK (88%), Canada (88%), Germany (88%), Belgium (86%), Australia (79%), the USA (72%) and France (69%).
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    I thought Japan would be first, due to highest adaptation of electronic technology.
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    Quote Originally Posted by LeBrok View Post
    I thought Japan would be first, due to highest adaptation of electronic technology.
    Actually, having lived in Japan I thought Japan would rank have been in the 30% to 40%. Japan is still very much a cash-based society. Many shops do not accept cards, and even those that do may only take some types of cards (typically credit but not debit). Every time I travel to Japan I am forced to withdraw large amounts of cash as I know I won't be able to pay by card almost anywhere, except maybe in supermarkets and department stores.

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