Can a Cashless Society be really inclusive?

The transition towards a cashless society on the Isle of Man "must not leave people behind", the enterprise minister has said.

His department has agreed to monitor the ATM network and to "plug any gaps" following a review into how cash is used and accessed on the island. It comes after the closure of nine Lloyds and Isle of Man Bank branches since 2012.

Alex Allinson said no one should become "disenfranchised" by the changes. There are about six cash machines available per 10,000 people across a network of fifty ATMs on the island, according to the Access to Cash report.

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The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.

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