Barriers of Banking and the Cashless society

Press/Media: Press / Media

Description

Blog

https://blog.bham.ac.uk/business-school/2020/11/10/barriers-of-banking-and-the-cashless-society/

 

Period10 Nov 2020

Media contributions

1

Media contributions

  • TitleBarriers of Banking and the Cashless society
    Media name/outletBlog UoB
    Country/TerritoryUnited Kingdom
    Date10/11/20
    DescriptionBLOG: The use of a cash machine is not just a matter of finding one it is also about having access to a bank account. In 2015 the Financial Inclusion Commission stated that almost 2 million adults in the UK had no bank account. It is a major social injustice no doubt. But serious consequences lurk within a fully cashless economy, from cash black markets to major power failures, denial-of-service attacks and wars as serious threats to the payments system as we know it.
    PersonsAnn-Christine Frandsen

Keywords

  • Bank architecture Barriers Cash