Cash is still king for majority of people in Spain when going out shopping or to a restaurant [Video]

CASH remains as the most widely used means of payment on a daily basis for 57% of the population in Spain.

A Bank of Spain study says its use though has fallen by 8% compared to last year.

The survey spoke to 5,000 people as well as study of 1,600 small businesses including the hospitality sector.

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Those aged over 55 years of age and with a basic education are the ones who mainly use cash in shops and the main reasons are convenience and habit.

Likewise, the age group between 25 and 54 years old is the one who uses cards the most, and the youngest group (18-24) use mobile phone payments the most(35%).

In stores, cash is still the most frequent means of payment, for 59% of the population, despite the increase in card usage and payments through mobile devices.

In payments between individuals, cash is also the most common means of payment …