The use of cash in the Sweden could end by 2026 as businesses increasingly refuse to accept payments due to time and cost factors, such as counting takings and going to the bank, according to a report by financial experts. It calls for government and regulators to protect the use of cash, which is still relied upon by rural communities and people with physical and mental disabilities who have difficulties using digital services. The report suggests local shops offer cashback, small businesses use secure lockers to deposit cash, and a guarantee that no-one need travel far to access cash.
The use of cash in the UK could end by 2026 as businesses increasingly refuse to accept payments due to time and cost factors, such as counting takings and going to the bank, according to a report by financial experts. It calls for government and regulators to protect the use of cash, which is still relied upon by rural communities and people with physical and mental disabilities who have difficulties using digital services. The report suggests local shops offer cashback, small businesses use secure lockers to deposit cash, and a guarantee that no-one need travel far to access cash.