Cash replacement accelerates in CEMEA | Visa

Central Europe Middle East and Africa (CEMEA) recovery through the consumer lens, part 2

Cash replacement accelerates in CEMEA.

Bar chart showing the change in consumers’ preference for cash, contactless payments and mobile payments in August 2021. See image description.
Bar chart showing the change in consumers’ preference for cash, contactless payments and mobile payments in August 2021. In the U. A. E., cash declined 34% while contactless grew 67% and mobile payments grew 60%. In Saudi Arabia, cash declined 20% while contactless grew 72% and mobile payments grew 57%. In Russia, cash declined 55%, while contactless grew 45% and mobile payments grew 38%. In S. Africa, cash declined 23%, while contactless increased 59% and mobile payments grew 36%.