Here’s the latest country where cash is losing its grip

Germans have started saying “nein” to cash and are moving on to plastic.

In many European countries, cash is falling out of vogue, and it’s happening most recently in the land of Oktoberfest, the Autobahn and Angela Merkel.

For the first time last year, Germans used cash for less than half of their payments, in terms of total value of sales, according to a survey published Wednesday by Bundesbank, the central bank of Germany. The last time Bundesbank did the survey, in 2014, Germans made 53% of total sales purchases in cash.

Why the shift? Card payments have increased, the bank found.

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