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I would think the percentage of people who don't use ATM machines and don't have a credit card is likely higher than 22%, actually. Using only cash is much more

by tty 13y ago

I would think the percentage of people who don't use ATM machines and don't have a credit card is likely higher than 22%, actually. Using only cash is much more common in Europe than in the US.

kalleboo 13y ago
This is one of those areas where you can't really generalize over "Europe" at all since it varies so much between countries. In Scandinavia, the Netherlands and the UK, card usage is extremely high. In southern and eastern Europe, not so much.
- tty 13y ago
  Decided to google some, In all of EU, 40% of people have a credit card. You're right that it varies greatly throughout the countries. The highest credit card per capita rate is in Luxembourg, with around 3 per capita (for comparison's sake, in the US it's 3.5 per capita, in most EU countries at 1 per capita). The highest ownership rate is in Luxembourg, with 87% of people having one. The lowest is in Hungary, with only 9% of the people having a credit card. Some other countries: Denmark 71%, Bulgaria 12%, Lithuania 16%, Romania 17%. The rest of the EU countries can be seen here, on page 13 http://ec.europa.eu/public_opinion/archives/ebs/ebs_373_en.pdf http://ec.europa.eu/public_opinion/archives/ebs/ebs_373_en.p...
  - dagw 13y ago
    Yes, credit card use is relatively low, but everybody has and uses a debit card.
  - AgLiAn 13y ago
    As always, my country, Romania, is at the end of everything.
- dagw 13y ago
  Definitely true, but Scandinavia, the Netherlands and the UK do have low level of credit card use, it's basically all debit cards, sometimes even using some local system. The Netherlands is ridiculous in this, when I was there is summer hardly anybody took Mastercard or Visa.
  - kalleboo 13y ago
    Very true, I was accidentally thinking "non-cash transactions"