Why protecting Cash is still so Important

Most people will have found they are using cash less these days. We now tap our card, even for small purchases, when previously we would have handed over coins. We send people money through mobile apps rather than handing over bank notes.

As a result, cash accounted for 17 per cent of all payments in the UK last year, when a decade ago that figure was 56 per cent.

At the same time, there has been a significant rise in the use of digital payments – last year contactless accounted for more than a quarter of all UK payments, up from just seven per cent four years ago.

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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