ERPB Report on Access and Acceptance of Cash in the Euro Area
In November 2021 the Euro Retail Payments Board 1 (ERPB) Working Group on Access and Acceptance of Cash ERPB issued its report.
This broad ranging paper noted the wide variety of approaches to cash, no doubt reflecting the individuality of each country, which is an opportunity to see what works but also a challenge if trying to co-ordinate a response.
It identified the need to create a sustainable cash business model and highlighted the lack of data on the cost of different payment options.
It also highlighted the low level of use of alternatives to branches and ATMs for cash issue and depositing and the need to develop more.
Access to cash facilities
The objective is that cash is an affordable and sustainable payment option which is also useful for cross-border payments and available if there is digital disruption. The report drew conclusions in five areas.
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