Using cash instead of debit and credit cards costs Germans around €150 per person each year, according to an academic study from Steinbeis University in Berlin on the ‘Cost of Cash’. The research by professor Jens Kleine of the Research Center for Financial Services at Steinbeis, is the first time the costs associated with cash in Germany – usually considered to have a strong cash culture – have been studied.
The findings come in advance of proposed changes to the Payments Services Directive, which are expected from the European Commission next month, and which will launch a debate on the relative costs to Europe of cards and cash.
To read the original article: Cash costs each German €150 each year: Research | EurActiv
