This chart shows how preferred methods of payment differ around the world 

This chart shows how preferred methods of payment differ around the world 

The preferred method of payment may seem like a subjective thing, but there are also distinct national trends.

For example, 77% of South Koreans would rather pay without cash, compared to only 33% of Filipinos.

One of the biggest reasons for people preferring cash in developing countries is not having a bank account and thus no bank card.



People around the world disagree to a high degree about what the superior method of payment is. As shown in a survey by Global Web Index, most South Koreans wouldn't trade their cashless payments for anything, while in some other nations, people feel better with a big wad of cash in their pockets.

South Korea's penchant for cashless payment is confirmed in another survey. According to data collected by initiative Cash Essentials, only 14 percent of payments in South Korea involve cash - in line with the preference of its population.



This isn't always the case though. In Japan, Spain and France, for example, between 60 and 67 percent of people prefer cashless payments. Nevertheless, cash was involved in between 68 and 87 percent of payments in these countries, potentially hinting at the inability to pay with card or other cashless