40% of Americans Use Cash Less Frequently in 2020

Since the COVID-19 outbreak, more than 40% of Americans say they use cashless frequently this year. This according to research data analysis by Comprar Acciones for the third quarter of 2020. When it comes to GenX the decrease in cash usage is down by 53% and it goes up to 64% for those with incomes higher than 150K.

Hardly surprising since more people are trying to limit their point of contact. For small businesses, this means implementing contactless payment solutions along with curbside and delivery services as part of their operations.

Finding the right balance of safety and convenience

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