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Payment
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Wednesday
25
September
2024

The Environmental Impact of Payment: Cards vs Cash

We decipher for you various publications on the subject of payments.

Let's focus today on the carbon footprint of payments.

Why paying with cash increases our carbon footprint

Like all sectors of the economy, the payment industry is caught up in the issue of its environmental impact. An Oxford Economics study commissioned by EDPIA on Germany, Finland and Italy shows that cash payments have a carbon impact 20 times greater than card payments. The difference in carbon emissions between the three countries is only a factor of 2 for card payments, but a factor of 5 for cash payments. This is largely due to the travel required to load and withdraw cash from ATMs in a sparsely populated country like Finland.

The impact of raw material resources and ionizing radiation

The study includes two other environmental impact criteria: the scarcity of raw materials used and the ionizing radiation produced.

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