Sweden's move towards a cashless economy has gone too far - 06/04/2018

"While using a credit card or a mobile payment isn’t too difficult for younger residents, there are people such as the elderly or in lower-incomes who aren’t as digitally savvy or connected. When businesses don’t take cash, that means that those residents are unable to shop, eat or bank there. A broad review of the central bank legislation is now underway in Sweden to look at the situation. A report is expected from the group as soon as this summer." Read more

Cash is king in Canadian Convenience Stores - 06/04/2018 explains that "cash is still one of the most popular being put to use for everyday retail": "Few businesses understand cash’s role in Canada’s retail economy better than convenience store merchants. After all, they play a large role of their own in enabling these common retail transactions. The nation is home to nearly 26,000 convenience stores, according to the Canadian Convenience Store Association (CCSA), serving 10 million customers per day and pumping approximately $56 million CAD into the economy each year. These customers still prefer cash to make small-ticket...

How demonetization created chaos in India - 06/01/2018

Within hours, chaos ensued in the streets of India, with people lining up to the banks by the hundreds of thousands, with their savings stuffed in their bags and pockets, in a desperate attempt to save their life savings from financial oblivion. (...) One year later, economists, who have kept a close eye on the evolution of the economic situation, are drawing their conclusions. Economist Vivek Kaul reviews  what he dubs an epic failure: "As many as 250,000 units in the unorganised sector were closed and the real estate sector was badly affected, with a large number of workers...
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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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Top Ten Things To Know

The debate

Removing ATMs: Why banks are pushing for a cashless society

Why the Use Cash is so resilient

Electronic Payments are not the only option: Cash remains

Cash or Cashless: A short 2021 Assessment

Turning Cashless? The COVID-19 excuse

Cash remains an economic and social Asset

Why Inclusion is not part of the Cashless Society Agenda

"Euro banknotes are here to stay" says Cristine Lagarde

Toward cashless economy: Are cryptocurrencies better than cash?

New York City Cashless Stores must comply with the law