Germany’s Bundesbank pushes cash with free stickers for retailers amid digital shift
The Bundesbank is promoting cash payments in Germany with a new initiative. The central bank is distributing free stickers to retailers, encouraging customers to use cash. This move comes as cash remains popular, accounting for nearly half of in-store transactions in 2023. Burkhard Balz, a Bundesbank executive board member, backs the campaign.
The stickers, bearing slogans like 'Of course, cash too!' and 'Simple. Cash.', are designed to reassure customers that cash is still widely accepted. Retailers can obtain these stickers free of charge through their regional trade associations, which are responsible for distribution. The Bundesbank provides these stickers to promote cash acceptance in businesses.
Cash's reliability in crises has been highlighted recently. A crisis simulation emphasized the importance of cash and digital payment initiatives like Stripe and the digital euro. Despite the rise of digital payments, cash remains a crucial backup option, independent of technology and the internet.
The Bundesbank's sticker campaign aims to boost cash payments in Germany. With cash still preferred for nearly half of in-store transactions, the initiative seeks to remind customers that cash is widely accepted and reliable, especially in times of crisis.
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