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Australians don't want cashless

Most Australians do not want cash to vanish despite coronavirus speeding up the trend towards a cashless society. A survey for Tasmanian-based MyState Bank suggested about 70 per cent of Australians wanted cash retained. MyState Bank said the research showed the pandemic and concerns about health risks had accelerated a shift to what it described as a "less cash" society. It found 68 per cent of Australians were using less cash since the outbreak. Read more 

Cashlees society: low income Canadians are left behind - 06/22/2020

An increasingly cashless society threatens to leave low-income Canadians who lack access to the technology behind. BNN Bloomberg looks at the challenges with John Stapleton, innovation fellow at the Metcalf Foundation. Watch the video 

Socialist Spain is squeezing on the poor - 06/15/2020

Spain’s coalition Government plans to cut cash payments and aims to gradually eliminate cash, in a bid to move towards a cashless society. THE Government’s Ministry of Finance plans to cut cash payments from €2,500 to €1,000 in a bid to fight fraud. The socialist party tried to reduce the maximum limit for cash payments from €2,500 to €1,000 in early 2019, but failed. However, the new coalition government has indicated that it plans to re-propose the idea and get cash payments reduced to €1,000. Read more

All cashless is not good for Australia - 06/13/2020

Is it wise for Australia to become a fully cashless society? The coronavirus pandemic has led many Aussies to use contactless payment systems instead of physical cash, whether it's using their card or their phone (think Apple Pay). According to a survey by Mastercard, 44& of Australians said they're using cash less often since the pandemic began. It's not hard to imagine why, in the middle of a global respiratory pandemic. 80% of respondents in the Asia Pacific said they saw contactless payments as a cleaner payment option. In the future, 75% of Aussies in the survey said they'd keep...

More states and cites are fighting against cashless - 06/08/2020

According to U.S. Census Bureau estimates, retail sales plummeted 16.4% in April 2020. As state and local governments across the country begin to lift or ease Stay at Home Orders and business closures, retailers reopening their doors are grappling with how to protect their employees’ health and reassure customers that it is safe to shop. In response to the COVID-19 pandemic, many retailers are adopting contactless delivery or curbside pickup business models. Curbside pickup allows customers using debit or credit to pay in advance and pick up their pre-packaged products without any direct...

UK Government must protect the most vulnerable against cashless society - 06/07/2020

Vulnerable people risk being unable to access the money they need to pay for goods and services, unless the government acts to support the “fragile” cash system, the consumer group Which? has warned. The coronavirus crisis has accelerated the adoption of contactless and other cashless transactions across the UK and led to sharp drops in ATM use as more people shop online or opt for what they perceive to be safer payment methods. However, research by Which? found that many of those who had been unable to shop for themselves had used cash to reimburse friends and family who had stepped in...
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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.

The cashless society from an ethical point of view