This statistic displays the value of payments made in the Euro area in 2016, by method used. As of 2016 cash was still the most widely popular and accepted payment instrument, with approximately 1.53 trillion euros cash transactions occurring at the point of sale (POS) in 2016. Whereas the number of cash payments to card transactions differed greatly in the same time period, the value of card payments in the Euro area in 2016 was notably closer with over 1.1 trillion euros in card transactions occurring.
Value of payments in the Euro Area 2016, by method
(in billion euro)
The source adds the following information: "The study is limited to euro area residents aged 18 years and over and excludes payments made by consumers travelling outside of their place of residence, as well as payments made by tourists, other non-residents and payments between businesses."
* The “other” category includes payment instruments, such as checks, direct debits, credit transfers, mobile payments or other instruments used by households at POS. Due to their low frequency of use, these instruments have been grouped in a single category.
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ECB. (November 24, 2017). Value of payments in the Euro Area 2016, by method (in billion euro) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/786879/value-of-payments-euro-area/
ECB. "Value of payments in the Euro Area 2016, by method (in billion euro)." Chart. November 24, 2017. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/786879/value-of-payments-euro-area/
ECB. (2017). Value of payments in the Euro Area 2016, by method (in billion euro). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/786879/value-of-payments-euro-area/
ECB. "Value of Payments in The Euro Area 2016, by Method (in Billion Euro)." Statista, Statista Inc., 24 Nov 2017, https://www.statista.com/statistics/786879/value-of-payments-euro-area/
ECB, Value of payments in the Euro Area 2016, by method (in billion euro) Statista, https://www.statista.com/statistics/786879/value-of-payments-euro-area/ (last visited November 21, 2024)
Value of payments in the Euro Area 2016, by method (in billion euro) [Graph], ECB, November 24, 2017. [Online]. Available: https://www.statista.com/statistics/786879/value-of-payments-euro-area/
