• Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf UK&I


• 24.09.2021 08:45 am
#finance

Commenting on The Treasury’s Access to Cash Consultation closing today, Matt Phillips, VP, Head of Financial Services at Diebold Nixdorf UK&I, says:

“The Government’s next steps must acknowledge the importance of protecting free, simple and efficient access to cash services; cash remains a core part of society especially as budgets are squeezed. As energy prices are set for unprecedented rises this winter and inflation continues to rise, more people may well turn to cash as a means of budgeting more effectively, so anything that requires an increase in expenses to access cash should be deterred.

“Collaboration like we’ve seen in other markets is an effective way of protecting supply and access to cash for all who need it, and it is likely this will be a vital part of the roadmap for the UK. It is important the sector keeps on taking steps forward, continuing to make progress like we have seen within the shared bank branches debate. This will ensure wide access to banking services for customers across the UK, and could play a critical role in terms of cash access specifically. Over the long term, we expect this to transform banking services into a utility-type model, but the priority right now must be ensuring the preservation of our customers' access to cash services up and down the country, when and where they need them.”