Survey: How many Poles regularly pay cashless?

Almost 75 percent of Poles regularly pay with a card, telephone or watch. This is an increase of almost 5 percentage points. compared to July 2022

According to Fiserv’s PolCard study ‘Payment Preferences of Poland 2024’, almost 18 percent of respondents do not pay in cash or do so very rarely (once a month or less).

Why do Poles pay in cash?

Nearly 59 percent respondents in this group claim to pay cash out of habit, 47.5 percent of them believe that cash makes it easier to control their expenses, and 39 percent do not like paying in cash. In turn, 56 percent of young people between the ages of 18 and 29 who never or very rarely use cashless payments answer that the reason for this is that they do not have this option at the places where they shop.

– Poles are increasingly willing to use cash payments. In this year’s survey we recorded an increase of almost 5 percentage points. compared to 2022. Currently, more than 38 percent of Poles settle cashless accounts where possible. Almost 23 percent they do it several times a week, and almost 14 percent once a week – said Krzysztof Polończyk, president of Fiserv Polska, quoted in the press release.

Payment by card, telephone or watch. The oldest people do it least often

– As in the previous edition of the survey, the oldest people are the least likely to pay in cash. However, it is worth noting that 44 percent of respondents over the age of 70 regularly arrange cashless payments and this is an increase of 4 percentage points. compared to the previous edition of the survey. This shows that older people are also convinced to pay without cash – adds Polończyk.

Fiserv Polska’s research also shows that the larger the city, the less often we use cash: 84%. residents of cities with more than 250,000 inhabitants appreciate card, phone or watch transactions and use them regularly. In rural areas this is 67 percent. – increase by 7 percentage points compared to 2022.

Digital transactions are preferred by people with higher education and higher incomes

– As many as 86 percent of people who have completed higher education prefer to pay in cash. 77% are also handled this way. respondents with secondary and post-secondary education and more than half – 53 percent. respondents with primary education. Usually, people who earn between PLN 4,000 and PLN 4,999 net settle their accounts without using cash, while those with the lowest income, i.e. up to PLN 2,000 net, are the least likely to settle their accounts – said the president of Fiserv Polska .

The research was conducted in January this year by the Institute for Market and Social Research (IBRiS). on a representative group of 1,000 adult Poles.

Source: Do Rzeczy