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Maintaining Cash Access - Coggle Diagram
Maintaining Cash Access
Financial Inclusion
Prevents exclusion of vulnerable groups
Supports those without digital access
Essential for elderly and remote populations
Economic Stability
Vital for SMEs
Ensures universal transaction capability
Backup during system outages
Security and Privacy
Protects against digital fraud
Reduces vulnerability to cyberattacks
Provides anonymity in purchases
Consumer Choice
Ensures accessibility for all skill levels
Maintains payment diversity
Allows preferred payment method
Social Cohesion
Promotes community trust
Maintains social bonds
Fosters face-to-face interactions
Regulatory Initiatives
Integration with National Payment Strategy
Regular assessments of cash usage
FCA guidelines for banks
Technological Integration
Cash in shop services
ATM and banking hub networks
Cash locator mobile apps