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Demise of cash 2011

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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.

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