The debate as to whether cash should be completely abolished is entering the next round. One thing is certain, the younger the consumer, the more cashless their payments. According to a Gallup survey by Mastercard, almost half of all Austrians make cashless payments.
1000 Austrians were questioned and the result was quite clear. If half of the Austrians prefer to pay without cash, almost all of the 1,000 respondents prefer to pull out their ATM or credit card. Despite this, more than 60 percent of payment transactions are currently still made with cash. Older people in particular prefer to pay with bills and coins. According to the survey, 97 percent of those surveyed use an ATM card for cashless payment and around half also use their credit card. About a quarter use their mobile phone for contactless payment in shops and one in five also in restaurants. However, 24 percent of Austrians have security concerns when paying with their mobile phone, which is slightly less than in the previous year, in 2022 it was still a third of those surveyed.
