Paysafe Group plc: Poles Want Cash

According to research commissioned by paysafecard, the majority of surveyed Poles oppose eliminating cash and switching to digital payment methods.

More than half of Poles oppose cash abolition

Paysafecard is one of the world’s leading prepaid internet payment solutions, part of Paysafe Group plc. According to the firm’s research, as many as 54.8% of respondents oppose the abolition of cash. Similar findings emerge from data collected in other European countries — 57.5% of respondents do not want physical money removed from circulation.

Europe also favors real currency

In Greece and Italy, more than 45%, and in the UK 60.6%. The trend is especially noticeable in Spain and Germany, where the highest number of opponents to abandoning physical currency were found — 69% and 73.6% of respondents, respectively, held negative views on the idea.
In Poland, both genders show agreement regarding cash withdrawal — 53.9% of women and 55.7% of men are opposed. Dislike for eliminating physical currency is particularly evident among the 18-25 age group, where nearly 70% of respondents oppose the abolition of traditional payment methods. Opposition to removing cash is primarily linked to the issues of convenience and security during transactions.

According to other research conducted by Paysafe Group, 83.6% of respondents highlighted security as a very important aspect when making online payments. Other significant factors include speed and the absence of additional fees, noted by 66.6% of respondents. Additionally, 54% cited convenience, and 52.2% cited anonymity.

Summary

Poles want cash — Paysafe Group research findings

Research commissioned by paysafecard, part of Paysafe Group plc, shows that 54.8% of Poles oppose eliminating cash. Similar trends are visible across Europe — in Germany, 73.6% oppose it, and in Spain, 69%. In Poland, opposition to abandoning physical currency is especially strong among those aged 18-25, reaching nearly 70%.

Interestingly, arguments in favor of cash relate to transaction comfort and security. In Paysafe Group’s research, as many as 83.6% of respondents identified security as the most important aspect of online payments, while 66.6% emphasized speed and the absence of extra charges.