Cash Transactions are Becoming More Rare Around the World

What We're Showing

This chart looks at cash as a share of transaction value in selected countries at three time periods (2019, 2023, and 2027). Highlighted in red is cash's projected drop from 2019 to 2027. This data comes from WorldPay's Global Payments Report 2024.

See the data tab for full list of countries (2023 values).

Key Takeaways

• The prominence of cash for use in transactions is dropping in every country measured.
• The biggest drops occurred in India, Nigeria, and Thailand. Nigeria, in particular, is noteworthy because cash transactions made up 91% of value only four years ago. Today that number sits at 55%
• By 2027, the report predicts that France, Singapore, South Korea, the UK and the U.S. will fall below the 10% transaction value threshold for cash
• Globally, digital wallets (e.g. Apple Pay, Paytm, Alipay) are the top method of payment for transactions