Economy The most cashless societies in the world

Maciamo

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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%).
 
I thought Japan would be first, due to highest adaptation of electronic technology.
 
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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