When we asked households nationwide about payment methods for daily payments, the ratio of cash was the lowest ever, while the ratio of credit cards and electronic money was the highest ever, and households are becoming cashless. It became clear.
The Central Committee for Financial Affairs and Public Relations, which has its secretariat at the Bank of Japan, conducted an "opinion poll on household financial behavior" from August to September last year, and received responses from two or more households and 2052 households.
According to this, when asked about the main payment methods for daily payments such as shopping with multiple answers, the ratio of cash decreased from 84% in the previous year (2019) to 70.8% for payments of 1000 yen or less. On the other hand, credit cards increased from 9.1% to 14.1%, and electronic money increased from 18.5% to 29.6%.
In addition, even for payments exceeding 10,000 yen and 50,000 yen or less, the ratio of draft nuclear cash decreased from 48.5% in the previous year to 33.9%, while credit cards increased from 58.5% to 65.1% and electronic money increased from 3.4%. It rose to 6.4% respectively.
Since 2007, when both are comparable, the ratio of cash as a payment method has reached a record low, and the ratio of credit cards and electronic money has reached a record high.
According to the Central Committee for Financial Affairs and Public Relations, "The point redemption system accompanying the increase in the consumption tax rate has been an opportunity to support cashless payments. The spread of the new corona virus may have affected the promotion of cashless payments." I will.