Danish stores can refuse cash payments from next year

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Danish stores should be able to refuse to accept cash.

“It is incredibly costly for a variety of shops to be forced to carry cash. It will be a huge relief for businesses, “says Business and Growth Minister Henrik Sass Larsen (S).

Some Danish stores should be able to refuse to receive cash, the government proposes. Additional to the costs related to cash, another argument is that more and more people today opt out of cash in favor of debit or payment services such as MobilePay and Swipp on mobile.

Although it will no longer be a requirement for a large part of the shops that clients should be able to pay cash, there are some exceptions. Grocery stores, post offices, pharmacies, health care, kiosks and canteens in public hospitals and nursing homes should continue receiving cash.

Minister Morten Østergaard said it is the government’s unrelenting ambition that it should be easier to do business in Denmark.

Danish Business welcomes the initiative but hopes that it applies to all stores. Danish Chamber of Commerce believes that the need for cash will disappear in the near future and hoped that all the shops could completely get rid of the requirement to receive cash.

“This is an excellent place of start. We are moving closer to a cash less society and had hoped that each store itself may decide whether to have cash. It will hopefully become reality before long, “says Henrik Hyltoft to Berlingske Business.