Even though electronic methods of payment are abound, the use of cash is still prolific. This means many industries – banking, CIT, retail and transport, for example – still have to manage and process considerable volumes of coins and notes every day.
Banknotes and coins still remain the most widely used payment instrument in Europe varying between 60% and 80% of the total cash transactions. Since the introduction of the Euro its circulation has grown with an average of around 7% / year.