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Legal tender? Time to reexamine the cost of cash

Legal tender will lose its meaning in Denmark shortly as the government plans to allow certain merchants to refuse cash from customers and demand they pay by electronic means.

It's a watershed for the country as it heads on the path towards becoming a cashless economy. Critically it has the support of businesses.

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Federal government updates code of conduct to adds rules for mobile payments

“Minister Oliver was a big supporter of an industry-led solution on reducing interchange fees, and these Code updates will help ensure those savings are passed on to merchants”.