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New Cash Reporting Rules Spark German Payment Debate

Original: bargeld

Germans are debating the future of cash. A new reporting obligation for cash payments is set to take effect, while retailers report growing card use — one bakery chain says half its customers now pay by card. At the same time, cash remains tied to crime stories, from distraction thieves posing as utility workers to burglars blowing up ATMs, fueling talk of a slow goodbye to cash.

Why now: Upcoming cash payment reporting requirements and rising card usage have renewed debate about the future of cash in Germany.

Germanyfuturezone.deAugsburger AllgemeineRadio Wuppertal

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