Belgium is less and less cash-based: cash payments are in decline
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The average acceptance rate in Europe stands at 92%, a slight increase compared to 90% in 2024.
Cash is even more widely accepted than bank cards (88%) and mobile payments (68%). The latter category, however, is seeing a strong increase compared to two years ago (36%).
Among SMEs that no longer accept cash, many cite the difficulty of making withdrawals or deposits. Security risk is also pointed out.
The sectors where cash is most often accepted are hospitality and retail (93%). In Belgium, however, only 80% of bars and restaurants still take coins and banknotes, which is the 2nd lowest rate behind hospitality businesses in the Netherlands.
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