In a cashless society under-privileged classes are in the line of fire

One of the most scrutinized indicators in the economic studies on poverty is access to the banking sector. Categories of populations with no such access are considered under economic strain. But banks are no life-rafts for the poor. As banks continue to press for the disappearance of cash, the risk for underprivileged populations to find themselves excluded from financial markets increases.

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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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