Cashless payment overtakes cash in Poland- daily

Tomasz Gzell/PAP

In the second quarter of 2020, Poles used non-cash payments more frequently than cash for the first time in the history of collecting data on Poles' payments, the Rzeczpospolita daily wrote on Thursday.

The daily reported that in the second quarter, Poles made only PLN 112 million (EUR 24.9 million) withdrawals from ATMs, the least since the fourth quarter of 2004, when the National Bank of Poland started to collect such data.

According to the daily, as the number and value of ATM withdrawals has declined, the number of these devices has decreased. "In the first six months of this year alone, 560 devices disappeared, whereas at the end of June there were 22,100 ATMs," the newspaper wrote.

The daily said that cash has been overtaken in popularity by debit cards and smartphones, driven by more frequent use of payment terminals of which the number exceeded one million, twice as many as four years ago.