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The statistics that I found on a quick google show pretty small differences in debit/credit split between the US and EU. EU just has more cash. (these numbers a
by kalleboo 7y ago
The statistics that I found on a quick google show pretty small differences in debit/credit split between the US and EU. EU just has more cash. (these numbers are self-reported through a survey though so may be unreliable)
US Cash/Debit/Credit: 30%/35%/30%
EU Cash/Debit/Credit: 38%/30%/26%
- ojilles 7y agoThese are percentages of what, exactly? (If it's 'type of payment method' owned: possible. But if it's volume of currency exchanging hands then it //really// mismatches with my experiences in US vs Northern EU)
- kalleboo 7y agoThe chart said percentage of transactions
- LeonidasXIV 7y agoThat said, northern EU is the place where people don't remember exactly how cash looks like since everything is paid either with card or using an app. But northern EU is population-wise a rather small market.
- ojilles 7y agoExactly, but most of those I would think of as "debit", albeit electronically. (RFID bank card, apple pay -- all do not route to a line of credit in Europe but to debit/checking accounts).
- brnt 7y agoEuropean CCs provided by banks are often direct debit. On top of that, having a CC as backup for travel is common too. Transaction volume will show a very different distribution.