Preferred Payment Methods in Spain 2024

Cash remains the preferred payment method for 41.85% of people in Spain. Despite the rise of digital payment methods, cash still holds significant relevance, especially among certain consumer groups who may be more cautious about adopting newer technologies or simply prefer the tactile experience of cash transactions. On the other hand, a sizable but smaller group of people have their credit card information stored on their phones, and some also use payment apps like Venmo to send money, pointing to a clear trend of growing digital engagement.

For additional information, visit statistics on Spaniards’ cryptocurrency awareness, Top cryptocurrency exchanges in Spain, Spain’s cryptocurrency adoption.