Digital payments now confirm the steadily rising trend: “cashless” payments in 2022 will increase by approximately 21% compared to the previous year, while 2023 will set a new record with a 35.5% increase in cashless transactions.
The average receipt for digital payments is 37 euros (down 8.1% compared to the previous year), which shows that the trend to pay even small amounts by card is increasing.
Cities and neighborhoods where digital payments have increased the most
SumUp’s Cashless City Observatory highlights that this trend covers all Italian provinces from north to south, but the top three most cashless cities include Bolzano (+58.8%), Modena (+57.5%) and Venice (+53.2%) taking. ). The lowest average income in Italy was recorded in the province of Southern Sardinia, where it was just over 29 euros.
Looking at neighborhoods, Venice’s Cannaregio (+163.7%) and Marghera (+158.2%) lead the way, followed by Milan’s Sempione/City Life (+124.4%). However, the Porto-Saragozza district of Bologna stands out in terms of the lowest average income (18.4 euros).
Cashless use is also becoming widespread among craftsmen and professionals
Umberto Zola, President of SumUp Multiproduct, says digital payments are now “a habit throughout Italy” and the growth spans several sectors. Cashless use is increasing not only in retail, horeca (hotellerie-restaurant-café) and tourism, but also “among craftsmen and professionals”.
“In particular – continues Zola – the growth of cashless service in the center and peripheral areas of Italy’s main cities confirms the need for merchants in various sectors to offer their customers fast and effective solutions to make payments smarter and meet the new needs of a segment destined to grow increasingly number of consumers”.
Source: Today IT
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
