Cash payments are declining

Analysis - February 2020 - No. 3

Authors Heisel, Jakob Mølgaard
Subject Payment systems; Retail payments; Payments; Cash; Coins; Banknotes
Type Analysis
Year 2020
Published 26 February 2020
Danmarks Nationalbank has conducted a survey of the Danish households' use of cash. According to the survey, more and more Danes opt out of using cash as a means of payment, and there is considerable evidence that this trend will continue in the future. However, an entirely cashless society is not envisaged in the foreseeable future.