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Banks are in very central positions when data is needed for a long range of contexts for human customers (Ms Same Guy in private and enterprise roles..). Banks have the best starting point - trust - in the data economy. But they need to come together to create the supporting ecosystems needed. With KYC in the legislation, PSD2, GDPR etc it is very difficult to understand why so many are sitting on their hands - starting from offering e-ID services with the bank e-Id...

What kind of privacy is at risk - I wonder? I have never for a moment hesitated to use cards and always shun wasteful and dirty cash. Of course, if you are in shady business or tax evasion - cash is your best friend. And if you are in cash transport or ATM-business you might be tempted to ride on ignorance instead of trying to enlighten...But those days are over..

Cash is a heavy CO2 load - and so is Bitcoin - consuming as much electricity as New Zealand - for no what good reason?

https://www.finextra.com/blogposting/2261/cash-is-expensive---also-for-the-environment

Cash has been on a very steady and ever fast retreat in Finland for the last 15 years..

How silly can this be.... Cash is causing a 50billion annual cost to merchants in EU. Credit cards maybe one fifth. Who pays the difference? The consumer - every cent. And cards allow customers to buy more than they have in their wallets and have many other benefits.

https://www.finextra.com/blogposting/14709/pure-lack-of-knowledge-marketing-gimmicks-silly-hysteria-or-hate-speech-

So we are paying also for backward lookin organisations that employ themselves by causing harm to innocent consumers. Is it really so difficult to understand who pay every cent of merchant costs? And cost of crime and grey economy - and millions of tons of CO2 and and..

Protecting unnecessary costs - not consumers. Cash is the oil for the grey economy and crime.

Cash is the criminal's best friend. And the grey economy's.  And so is paper and PDF invoicing for fraudsters. Should be outlawed.

In Finland consumer payments - also in SEPA have been free of charge for ages - difficult for a new payment service provider to do cheaper..