And unsurprisingly, it appears that Luxembourg residents are among the Europeans that are most "attached" to cash payments.

If we look at the ranking by country, we note that 38% of them use cash much less than a year ago, versus 53% for the European average. They nevertheless rank higher than the Germans
(31%) and the Austrians (28%), but much lower than the Turks (67%) and the Italians (66%).

With regard to the new payment methods, there is no surprise either: the percentage of Luxembourgers declaring that they are planning to pay more often with their smartphones is among the lowest, with 29% versus 52% for the European average. Only the Austrians rank lower with 26%, while the Turks (73%) and the Romanians (62%) top the ranking.

And when it comes to virtual currencies, the mindset is the same: only 14% of the Luxembourgers questioned, i.e. the lowest percentage of all the countries, think that digital currencies such as the bitcoin are the future in online spending, versus 33% for the European average.

In Luxembourg we also note a greater wariness than amongst its neighbours with regard to the security of contactless payments: only 26% of the respondents declare that they trust this type of payment, versus 46% for the European average.

And by the same reasoning, only 20% of the residents in the Grand Duchy - again the lowest percentage - use a mobile payment app, versus 40% in Europe!

More details can be found on eZonomics.com: http://www.ezonomics.com/ing_international_survey/mobile_banking_2016