16th October 2020

UK Finance responds to HM Treasury proposals on future of cash

Responding to HM Treasury’s plans to protect the future of cash, Eric Leenders, UK Finance Managing Director of Personal Finance, comments:

“HM Treasury’s consideration of the future of cash complements the community access to cash pilots is supported by the banking and finance industry, and will work alongside the existing activity being led jointly by the Financial Conduct Authority(FCA) and Payment Systems Regulator(PSR). While less popular than in years gone by, cash is still an essential way to pay for many, and initiatives like cashback without the need to make a purchase will help customers who might be less confident using other types of payments.”

UK Finance Trends(373 articles)
Regulatory & Legal Trends(5919 articles)