Germany sees card payments overtake cash

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Germany, one of Europe's last bastions of cash, has seen card payments eclipse traditional cash-based payments for the first time according to a new study.

Research from the Cologne-based EHI Retail Institute showed that in 2018, consumers' card payments accounted for 48.6% of total retail sales, narrowly overtaking the 48.3% of cash payments.

From Germany sees card payments overtake cash.

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