Plans of the Ministry of Finance: End of "cash only": shops should accept cards
Who doesn't have cash with them often can't pay for a kebab or coffee. This is supposed to change. Are banknotes and coins then out?
Germany's Finance Minister Lars Klingbeil has introduced a plan to require businesses and restaurants to accept digital payments, in addition to cash. The goal is to provide customers with a choice of payment options, and the plan aims to be implemented in 2027. The proposal, which is currently being coordinated with other ministries, would apply to the trade, gastronomy, and service sectors, and would allow businesses to choose which digital payment methods to accept.
The plan is intended to combat tax evasion, money laundering, and other financial crimes, and would not eliminate the option to pay with cash. Exemptions would be made for non-commercial organizations and small events.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
Also reported by 1 other outlet
- Bargeld: Schluss mit „Cash only“ – Läden sollen Karten akzeptieren handelsblatt.com
