Thirteen percent of Czechs still pay exclusively in cash

Thirteen percent of Czechs do not own a credit or payment card and make their payments exclusively in cash, according to the results of a survey commissioned by GE Money Bank. The reasons cited included fear of credit card fraud, the fact that they spend less when handing over cash, have a better idea of the state of their finances and the fact that there are still shops where paying with a card is not possible. Twenty one percent of respondents said they own more than one card, and 81 percent of respondents said they prefer to use a card over carrying cash. GE Money Bank says this is a big improvement on the situation three years ago when a third of the population said they did not own any kind of bank card.