Dutch consumers not only use cash money to pay for purchases, but also for payments and gifts to each other. In 2010, the Dutch used cash money for family members, colleagues, friends or charities 674 million times. The total value amounts to EUR 9 billion. Together with cash payments at retailers this is more than 5 billion cash payments, representing a collective value of EUR 62 billion. On average, the Dutch have EUR 41.24 in cash on them.
Measured in number of payments, the most used payment method at checkouts in the Netherlands is cash (See Chart 1). However, its importance is steadily declining because consumers increasingly use their debit cards. The number of cash payments in shops dropped from 5.2 billion in 2007 to 4.4 billion in 2010, whereas the number of debit card payments went up from 1.6 billion to 2.2 billion. This means that the number of cash payments at checkouts in three years' time decreased by 17%. In terms of value, the debit card has long beaten cash money. The total value of cash payments has been below that of debit card payments for several years now.