Cash Declining in Belgium: Only Eighty-One Percent of Businesses Still Accept Payments

Belgian businesses increasingly refuse cash payments, latest central bank survey reveals trend. Cash acceptance rate dropped significantly from ninety-one percent to eighty-one percent recently.

Belgium ranks among European countries with the lowest cash acceptance rates this year.

Across Europe, cash is accepted at ninety-two percent of businesses for consumer transactions. Mobile payment acceptance in Europe rose sharply, now reaching sixty-eight percent among businesses.

Belgian businesses cite security risks, convenience issues for not accepting cash payments anymore. Hospitality sector in Belgium lags, only eighty percent of bars and restaurants accept cash.