UK initiatives to keep access to cash

Consumers will be able to make free cash withdrawals from tills in some convenience stores under a new trial being launched next month to help keep banknotes and coins viable.

The initiative, which starts from October 15, is being launched by cash machine network Link and in-store payment services and ATM provider PayPoint.

If successful, it could be rolled out more widely. It is one of several initiatives taking place under the Community Access to Cash Pilots (CACP) scheme, which is looking at ways to make cash more sustainable.

Other initiatives include deposit schemes for small businesses, shared banking spaces and digital education services.

Under the Link/PayPoint initiative, customers will be able to withdraw precise amounts rather than being restricted to the denominations of notes dispensed by ATMs.

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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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