As reported by a survey in 2020, the leading reasons for consumers in Macao to carry less cash in wallets were the increased use of contactless payments, stored-value cards, and credit cards. Other non-cash forms of payment such as debit and prepaid cards were also popular, albeit to a lesser degree. Counterfeit cash appeared to be a less common concern, with less than one out of ten respondents going cashless for fear of counterfeit money.
Reasons for carrying less cash in wallet in Macao as of August 2020
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Visa Inc.. (December 10, 2020). Reasons for carrying less cash in wallet in Macao as of August 2020 [Graph]. In Statista. Retrieved December 23, 2024, from https://www.statista.com/statistics/1223044/macao-reasons-for-less-cash-in-wallet/
Visa Inc.. "Reasons for carrying less cash in wallet in Macao as of August 2020." Chart. December 10, 2020. Statista. Accessed December 23, 2024. https://www.statista.com/statistics/1223044/macao-reasons-for-less-cash-in-wallet/
Visa Inc.. (2020). Reasons for carrying less cash in wallet in Macao as of August 2020. Statista. Statista Inc.. Accessed: December 23, 2024. https://www.statista.com/statistics/1223044/macao-reasons-for-less-cash-in-wallet/
Visa Inc.. "Reasons for Carrying Less Cash in Wallet in Macao as of August 2020." Statista, Statista Inc., 10 Dec 2020, https://www.statista.com/statistics/1223044/macao-reasons-for-less-cash-in-wallet/
Visa Inc., Reasons for carrying less cash in wallet in Macao as of August 2020 Statista, https://www.statista.com/statistics/1223044/macao-reasons-for-less-cash-in-wallet/ (last visited December 23, 2024)
Reasons for carrying less cash in wallet in Macao as of August 2020 [Graph], Visa Inc., December 10, 2020. [Online]. Available: https://www.statista.com/statistics/1223044/macao-reasons-for-less-cash-in-wallet/
