Dutch consumers have embraced contactless payment en masse. At the end of 2019, nearly 70 percent of all electronic payments were made contactless. It involved 3.04 billion transactions. This is according to figures from the Dutch Payments Association.
Electronic payments, with a bank card, credit card, smartphone or wearable, accounted for 67 percent of all payments in the past year. Paying with cash means a further decline, to a third of all transactions. In 2018, 37 percent of payments were still made with cash.
"Contactless payment has become a resounding success in a short period of time," according to the Payments Association. "Consumers also have more and more confidence in the security of contactless payment", says the director of the association, Piet Mallekoote.
Since we pay more contactless, the average amount that we pay electronically each time has also fallen. Last year that amounted to 24.77 euros, compared to 25.89 euros in 2018.