A Midlands Northwest MEP has told the European Parliament that efforts must be made to ensure that cash is still viable.
MEP Ciaran Mullooly highlighted results from a 2022 European Central Bank survey which noted that 59% of consumers used cash at the point of sale and 60% of respondents expressed a clear preference for maintaining both cash and cashless payment options.
Mr Mullooly also pointed out the practical qualities that are unique to cash:
