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Survey: European consumers prefer cashless payments

Cash is losing ground in Europe, given that 36% of respondents to the Payments and Open Banking survey, conducted by Strategy&, part of the PwC network, say they use cash in 2020, 7 percentage points less than two years ago. However, consumers’ reorientation towards cashless payments is not reflected in an increase in their willingness to share personal data with third parties – a condition for the development of “open ...

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