Plan for UK shops to offer cashback without a purchase

Industry News | 15/10/20

Shops will offer cashback without consumers needing to make a purchase, under Treasury proposals to protect people’s access to cash.

In 2019 consumers received £3.8bn in cash when paying for items at a till, making it the second most popular way of withdrawing money behind ATMs.

The Treasury said EU regulations made it difficult for retailers to offer cashback when people were not paying for goods or services, and this had been a barrier to a wider rollout.

It said the government was considering changing the rules after the Brexit transition period ends on 31 December, freeing up more businesses to offer cash.

Source: The Guardian