The top priority of the Payment Choice Alliance is to ensure the British public get the Payment Choice they deserve.
How do the Alliance know what the British public believe they deserve?
WE ASKED THEM.
YouGov conducted a survey on behalf of the Payment Choice Alliance in early June 2023.
That survey revealed that only 3% of the UK adult population have stopped using cash entirely. This in turn means than over 50 million adults continue to use cash.
So cash remains of great interest to the vast majority of the British public.
The survey also told us that 88% of the public do NOT support the UK becoming a so-called “cashless” society.
And how about a UK Payment Choice Act?
The survey confirmed that 71% of the British public want a law put in place to guarantee they cash can use their cash, where and when they choose.
And that law is what the Payment Choice Alliance will work very hard to deliver!
Whilst in the UK the Bank of England, HM Treasury and Financial Conduct Authority continue to attempt to contrive that the National Payments “Vision”(?) turns a blind eye to cash, it is refreshing to hear how the Netherlands Central Bank and Government have already taken dynamic steps to guarantee cash is both readily accessible and accepted.
The level of collaboration between all strands of society in the Netherlands - including consumer representatives and commercial banks - is breathtaking. As has been the willingness of the Netherlands Central Bank and Government to decisively intervene to produce outcomes clearly in the public interest in relation to cash.
There is now a position in the Netherlands where ATM operators are properly rewarded for delivering cash to the public, which effectively guarantees convenient cash access will be provided, AND a law has been passed to ensure businesses must accept the publics cash.
All this has been achieved since the start of 2024 - so not the seemingly interminable procrastination which is the hallmark of the UK.
The Payment Choice Alliance has pledged to the British public that their cash WILL be accepted FOREVER.
No procrastination, however scheming, can ever be allowed to deny the British public what they WANT and NEED.