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Cash: top of the charts in Portugal

Categories : Cash is efficient
May 20, 2016
Tags : ATMs, Automation, Availability, Banknote/Note, Europe, Payment instruments
Portugal has the highest amount of ATMs per capita in the EU and 70% of everyday transactions are carried out in notes and coins.
Communication Team / Equipo de Comunicación

Cash is king in Portugal where the majority of day-to-day transactions continue to be carried out with paper money and coins. In fact, 70% of all payments in Portugal are carried out in cash. If the average Portuguese makes approximately 52.3 payments per month, 36.7 of these are made in cash.

This also explains why Portugal is the country in the EU with the highest amount of ATMs per capita: 1.36 per 1000 people. Despite a slight decrease in ATMs in Portugal since 2009 (13’919 in 2015, down -0.9%), the number of withdrawals per year has been progressively growing since 2013.


Also, the total amount of cash withdrawn during each ATM visit has steadily increased since 2013. On average, the Portuguese withdraw 65.10€ and are generally distributed 20€ bills. In fact, the €20, immediately followed by the 10€, are the two most popular denominations.


To read the original article [in Portuguese], please click here.

Graph source: