A telling quote from New Zealand:
“Small firms are especially exposed, with 72% of New Zealand’s small businesses saying they’d be adversely affected if cash stopped being an option.”
Why is the Bank of England not asking the same questions AND publicising the responses in the UK?
Why is it being left to anti-cash elements in the UK financial services industry to continually play down the importance of cash, whilst undermining cash access and encouraging non-acceptance?
In New Zealand, 80% of the public still use cash to some extent. The figure in the UK is nearer 90%.
These people - the vast majority of the population’s of both countries - agree:
Cash is NOT a problem in need of a digital solution.
Fair warning.
2026 is the year when the “War on Cashless” starts in the UK, spearheaded by the Payment Choice Alliance.