Shops and firms will not be forced to accept cash

finance
Created 1/28/2025
Updated 1/28/2025

The UK government has confirmed it won't force businesses to accept cash, even as millions still rely on it. While cash remains vital for budgeting and digital exclusion persists, the focus is on improving access through banking hubs and digital skills. Despite rising card and mobile payments, cash usage in shops has slightly increased, aiding financial control for vulnerable groups. Concerns were raised about cash refusal creating a “two-tier society,” disadvantaging the elderly, disabled, and abuse survivors. However, officials stated the UK is far from becoming cashless, and regulating businesses isn’t planned.

Original Article


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