24 March 2018
visit www.nextgenbanking.co.uk

The European Parliament sponsors the sixth No Cash Day

23 February 2016  |  2953 views  |  1 Source: The European Parliament

The European Parliament has granted its patronage to No Cash Day 6, which thus becomes the first edition promoted throughout Europe.

In fact, there are already several European organizations that have confirmed their participation and support for the day against cashwith specific initiatives, developed locally.

From Italy, a contribution to No Cash Day comes precisely from CashlessWay, the association for the promotion of digital payment instruments, through the implementation of a manifesto that will be presented next April 5, 2016 in Copenhagen during Money2020 Europe, the european edition of the world’s largest fintech event which will be held from April 4 to 7 in the Danish capital.

On that occasion, Geronimo Emili, President of CashlessWay and Dave Birch, Europe’s most influential commentator on emerging payments, will present “ePayment Manifesto”, namely the guidelines for an actual development of electronic money in Europe. In a fully collaborative spirit to fight the ePayment-divide, the document intends to be the point of discussion and debate to address in a precise and timely manner, the major social, technological, economic and ethical issues that still hamper or hinder the full success of electronic payment instruments, such as credit cards, vouchers or meal coupons.
The document will then be delivered to the First Vice President of the European Parliament, Antonio Tajani.

CashlessWay is also is finalizing the last details for the NoCashTrip Europe, the first European version of the well-established NoCashTrip format, the one-week trip in Italy without cash. The European version will involve the major capitals of Europe, starting with Copenhagen, which has expressed an interest in going totally cashless within a few years, to Rome, the very place where the etymology of “moneta” (hence the word, “money”) originates.

CashlessWay has organized No Cash Day annually since 2011 with the aim of promoting the development of electronic money and the spread of knowledge and awareness of a responsible and confident use of digital tools for payment.

“The development of payments is a priority throughout Europe, everyone is doing their part, some through technologies, some by improving regulations and some, like us, are working on the correct information and education on the benefits offered by ePayment. After six years of Italian editions, I am genuinely proud of this recognition by Europe”. – Geronimo Emili

Comments: (1)

A Finextra member
A Finextra member | 23 February, 2016, 22:13

Great, all of us should to something to spread epayment advantages. In some countries as Sweden is not necessary but in others i.e. Italy, Portougal, Germany... the cash is still used on 80%. The social and industrial costs of cash are impressive...and funny: a 5cent coin cost nearly 20cent to produce it. And we hate it! It's true that to send anonimous letter the better way is traditional paper mail, so with money. But if you don't need to be stealth, why you follow to prefer cash?? Please: 1cent for a legal o logic reason to prefer it!  

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register your place todayVisit www.nextgenbanking.co.uk

Top topics

Most viewed Most shared
hands typing furiouslyBitcoin at 50,000 USD?
14746 views 0 | 8 tweets | 5 linkedin
BBVA tests 'invisible payments' technology at inhouse cafeBBVA tests 'invisible payments' technology...
12196 views comments | 16 tweets | 35 linkedin
RBS hatches plan to create digital challenger bankRBS hatches plan to create digital challen...
11836 views comments | 12 tweets | 23 linkedin
Barclays partners seven watch brands for contactless timepiecesBarclays partners seven watch brands for c...
10726 views comments | 14 tweets | 32 linkedin
Germany's N26 readies for US launch with EUR110 million capital injection led by Allianz and TenCentGermany's N26 readies for US launch with E...
8704 views comments | 15 tweets | 10 linkedin

Featured job

Basic c.£90K OTE c.£180K plus full benefits pac...
London based

Find your next job