Germany wants to ban "cash only" in stores
25 Articles
25 Articles
German Finance Minister Lars Klingbeil wants to ban "only cash payment" in shops, restaurants and service providers. In future, these should offer at least one digital payment option in addition to cash. The new rules will be implemented in 2027.
Whether with a card, smartphone or smartwatch, retailers should have to offer customers a digital payment option in the future. Trade warns against more bureaucracy and additional costs.
Cash should remain allowed, but trade and gastronomy should offer digital payments in the future. Finance Minister Klingbeil plans to implement it from 2027.
In future, shops, restaurants and service providers will also have to offer at least one digital payment option in addition to cash.
Consumers without cash often run out of cash in Germany. According to a media report, this is what SPD finance minister Klingbeil wants to change.
If you don't have cash with you, you can't pay the doner or coffee so far. That's to change. Klingbeil's Ministry of Finance is working on a bill, which is to be decided later this year, that's the plan.
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