Our latest payments study suggests that 93% of the value of all P2P transactions in euro was attributable to cash payments.2 This may also reflect the still fragmented payments landscape in Europe. To date, cash remains the one truly universal means of payment when it comes to P2P transactions in the euro area.
But again, we have to see matters in perspective: the total amount of P2P cash transactions in euro is fairly small, amounting to about 4% of all cash payments in the euro area.3  4 Cash as a unit of account 3/5  BIS central bankers' speeches  Ladies and gentlemen, Cash increases the diversity of payment instruments by offering several unique features: it is tactile and does not require any technical equipment.