In February 2026, the proportion of cashless payments stood at 79 per cent, whilst in February 2025 it was 78 per cent, according to the Latvian Central bank (Bank of Latvia).
The ratio of non-cash to cash payments was first measured in February 2017: at that time, 58 per cent of payments were made by non-cash means, compared with 42 per cent in cash. Since then, the proportion of non-cash payments has gradually increased and has stabilised in recent years at close to 80 per cent. ...
