RAB Insights

RAB Research Archive

Survey: Despite COVID-19 fears, consumers still carry cash



Cashless payments are on the rise in the wake of COVID-19, but don’t write off hard currency just yet. A new survey from online deal platform CouponFollow, “The State of Cashless Spending in 2021,” indicates nearly half (49%) of surveyed adult U.S. consumers are worried about using cash due to the potential risk of COVID-19 transmission. As a result, 41% started using cashless payments during 2020.

Source: Chain Store Age



View / Download