In countries like Sweden, by 2009 cards were already 55% cheaper to accept than cash. 1 EVEN CASH IS GETTING MORE EXPENSIVE
AVERAGE COST PER CASH TRANSACTION IN USD
8.00
7.00
6.50
6.00
5.00
4.00
3.00
2.58
2.00
1.28 1.32
1.00
0.29 0.31
0.24 0.29
0.12 0.19
0.17 0.20
0.00
Australia 2006 & 2013
Canada 2014 & 2018
Netherlands 2002 & 2009
Norway 2007 & 2013
Sweden 2002 & 2009
United States 1999 & 2018
Year 1
Year 2
Page 4
Source: CMSPI estimates and analysis. 1. CMSPI analysis of data from the Kansas City Fed.
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