The Slovenes Increasingly Prefer to Pay with Bank Cards

The level of confidence in non-cash method of payment is constantly growing among the Slovenian consumers. On average, the Slovenes use bankcards 103 times a year, while the French and Scandinavians use them more than 150 times a year, and the Norwegians—400 times a year. However, there are still many supporters of the traditional cash payment method. The A. T. Kearney Analytical House drew this conclusion.

According to its survey, the number of non-cash payments in Slovenia will grow from 350 million euros of transactions in 2016 to 503 million euros in 2025. The prerequisites for such growth will include an increase in the popularity of alternative payment methods, such as e-wallets and pay-by-link service, and an increase in the number of purchases via the Internet. In Slovenia, another important factor is the cashless payment service Moneta.

The analysis shows that in the years 2015–2025, the European market for electronic payments will increase by 40%: from 80 billion euros in 2015 to 111 billion euros in 2025, while the number of non-cash payments will continue to grow. The market of cashless payments in Europe on average increases by 6% per year, and, as it is expected by 2025, the proportion of the Europeans who prefer cash will be reduced from 75 to 50%.

Source: rtvslo.si