A large part of Spaniards consider physical money to be essential
Many Spaniards consider physical money essential and prefer it over technology, which is increasingly gaining strength in the market.
The growing development of payment technologies is gaining more and more strength in the market, combined with environmental protection that is increasingly pushing for the decrease in cash and card payments. However, Julio César Fernández, executive of Cecabank of Spain, assured that cash will not disappear completely, as published by DiarioJurídico.com
Julio César Fernández, who serves as Director of Business Development and Operations of Technological Services at Cecabank, recalled during the 10th edition of Revolution Banking:
“Cash will not disappear completely, since 65% of people consider it indispensable today”
