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The EU stands for cash!





Since the beginning of the pandemic, consumers have increasingly faced “No Cash” signs when trying to pay for purchases. For some, this poses no problem. For others, this means being unable to buy the goods they need or having to travel a longer distance to find a store that accepts cash.

In October 2020, Dutch Finance Minister Wopke Hoekstra announced he would keep an eye on the increasing number of the country’s stores refusing cash payments during the pandemic. He explained that people should be able to choose how they want to pay for purchases and that he would evaluate whether government intervention was needed to safeguard this right. Prior to COVID-19, two major retail chains in the Netherlands, Marqt and Vlaamse Broodhuis, had already adopted a cashless payment policy.

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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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