| The origin | Daily |
|---|---|
| The author | Monthip Thanasuk |
| Publish |
World Highlight Column: Eurozone Consumers Catch Decline Cash
Consumer behavior in the euro zone has changed more. People grabbing less cash and instead use credit cards for shopping since the start of the COVID-19 outbreak this year.
It is a change in consumer behavior that the European Central Bank (ECB) surveyed during the Eurozone Survey of 17,779 Europeans in the last two weeks of July. The respondents said they would continue to spend with credit cards even after the epidemic situation was over. Because various shops Easier service channel through electronic payment system.
The ECB survey shows that the spread of COVID-19 It is a catalyst for people to grab less cash to spend. While there are other options that are more convenient and faster in shopping for products and services. Whether it is a credit card payment Through an application on a mobile phone Or even a smart watch
About 40 percent of respondents said They spend less in cash since the COVID-19 epidemic, and 87 percent are likely to continue to spend less with less cash even after the COVID-19 epidemic has ended.
The common reason most people are adopting electronic payment methods instead of cash. Because of various retail stores Has facilitated more customers with these options After people were feared that they could be infected by holding banknotes.
Respondents in Spain and Portugal were the most concerned with the cash-borne infection. Compared with respondents in Estonia, Austria and Slovenia who were the least concerned about it.
The ECB also publishes a survey conducted in 2019. In this regard, 49 percent of respondents said they often spend with credit card or other payment method. That does not have to use the money already That’s up from 43 percent from the 2016 survey.
The ECB survey also found that cash is no longer the widely accepted form of payment in the euro zone. The least accepted cash payments are in Latvia, Estonia, Belgium, Finland and France.
See from this ECB survey. Is considered a trend for people in the digital age Including the Thai people who seem to catch less cash To buy something, simply swipe the card or pay through the app instead.
