PREMIUM: Two months into quarantine, Spain much more digitalized

Updated: Jul 2

- 34% of Spaniards now work from home.


They say humans are creatures of habit. That we can adapt very easily to any circumstances. Two months into the quarantine, it seems that the formerly, very pro-cash, Spanish society is willing to switch to more germ-free, digital payment alternatives.


And remote work is no longer just a phenomenon for secluded groups such as the Spanish startup community. WFH, Working From Home ("teletrabajo" in Spanish) has risen from in average 7,5% of the working population back in 2018, to an average of 34%, in just a couple of months. Maybe surprisingly, a majority wants to continue working from home, even after they are allowed back to their office chairs.


Cash is no longer king in Spain


"Cash is king". Especially when traveling, some annoying friend would always tell me this phrase with a slightly condescending voice. Yet again, I had forgotten to withdraw cash thinking that one of my plastic, squared travel companions would be able to help me out.

So when moving to Valencia about 3,5 years ago, you would think I would have learned to withdraw cash. Especially since Spain has been one European country where cash has really been king for a long time. Ironically, starting a new year, I made a promise to myself to always carry some cash with me and now this is suddenly made almost unnecessary.


This pandemic proves that it is possible for old behaviors to change "over day". For obvious reasons, cash will continue to be a great substitute but there are definite signs that digital payments have, (finally), taken the number one spot and is very likely to stay on that throne.


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