Payment Choice Alliance
The top priority of the Payment Choice Alliance is to ensure the British public get the Payment Choice they deserve.
How do the Alliance know what the British public believe they deserve?
WE ASKED THEM.
YouGov conducted a survey on behalf of the Payment Choice Alliance in early June 2023.
That survey revealed that only 3% of the UK adult population have stopped using cash entirely. This in turn means than over 50 million adults continue to use cash.
So cash remains of great interest to the vast majority of the British public.
The survey also told us that 88% of the public do NOT support the UK becoming a so-called “cashless” society.
And how about a UK Payment Choice Act?
The survey confirmed that 71% of the British public want a law put in place to guarantee they cash can use their cash, where and when they choose.
And that law is what the Payment Choice Alliance will work very hard to deliver!
The Netherlands Central Bank - and Government - Show True Support For Cash!
Whilst in the UK the Bank of England, HM Treasury and Financial Conduct Authority continue to attempt to contrive that the National Payments “Vision”(?) turns a blind eye to cash, it is refreshing to hear how the Netherlands Central Bank and Government have already taken dynamic steps to guarantee cash is both readily accessible and accepted.
The level of collaboration between all strands of society in the Netherlands - including consumer representatives and commercial banks - is breathtaking. As has been the willingness of the Netherlands Central Bank and Government to decisively intervene to produce outcomes clearly in the public interest in relation to cash.
There is now a position in the Netherlands where ATM operators are properly rewarded for delivering cash to the public, which effectively guarantees convenient cash access will be provided, AND a law has been passed to ensure businesses must accept the publics cash.
All this has been achieved since the start of 2024 - so not the seemingly interminable procrastination which is the hallmark of the UK.
The Payment Choice Alliance has pledged to the British public that their cash WILL be accepted FOREVER.
No procrastination, however scheming, can ever be allowed to deny the British public what they WANT and NEED.
The Legendary Lynne Franks Supports The Payment Choice Alliance!
WE COMPLETELY AGREE.
Latest News & Updates
HM Treasury Retail Payments Proposals Not Fit For Purpose!
A nineteen page document “Strategy for Future Retail Payments Infrastructure” has just been released by The Payments Vision Delivery Committee ( “the Committee”) The Committee comprised Bank of England, HM Treasury, Financial Conduct Authority and Payment Systems Regulator geeks. In this d....
Neither Cash OR Honesty Boxes Are Dying!
“Honesty boxes should be dying like cash.” Such headlines are really becoming tiresome. As our Chair Ron Delnevo told a meeting at the Financial Conduct Authority recently, the big problem in the UK is that media is fed a continuous stream of anti-cash propaganda by a number of organisations c....
EVERY Community Needs 24/7 Access To Cash!
With bank branches disappearing at the rate of two a day for the last ten years - and ATMs being ripped out even faster - retailers are becoming more important than ever in supplying cash to the British public. And no retailer is more important than Tesco. Tesco now have more branches than the tot....
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