Trade is an indispensable part of every business economy and every individual`s life. The need for certain material goods led to the emergence of trade, which initially represented the exchange of one commodity for another. With the later evolution, money took the form of paper as we know today. Today, the use of paper money increasingly being replaced by the cashless form of payment, which will be discussed in this final work. The cashless form of payment is playing an increasing role in the payment system. Payment transactions represent all payments between legal and native person. Forms of payment can be cash, accrual and cashless, in this work all three forms of payment will be defined. Emphasis will be placed on cashless payment, which will be analyzed on the foundation of three Member States of the European Union. The analysis will be lead to conclusion on the differences between the countries and whether the development of cashless payment operations depends on the size or population density of the state. For this reason, states were selected according to the population criterion. The county with the smallest population is the Republic of Croatia, followed by the Republic of Portugal, and the most populated is the Federal Republic of Germany. These three countries will be analyzed over a five-year period, from 2014 To 2018. Apart from the conclusion about differences between countries, it will also be concluded what changes are made whiting each county in the observed period.