Cash is as we know expensive, risky, unhygenic, environment-unfriendly and an open invitation to crime, fraud, black and grey economy. Cash handling costs merchants in EU 50 billion a year. Are the consumers and consumer organizations aware of them paying
every cent of this largely unnecessary cost?
Great progress in Finland in 2011. One seventh disappeared from ATMs - relatively much more from branches. 34m times less from ATMs would translate to 2,4 billion times less on EU-level.
Cash is not going anywhere fast - if you think that we'll be a cashless society in 20 years, I think you're very mistaken. Pretty sure that we'll still be using cash in 50 and probably 100 years from now.
Do you think it is a good idea not to try to minimize use of cash?
© Finextra Research 2015