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عكس السير
Germany to phase out cash payments in 2027
The German government has announced a plan to require stores, restaurants, and service providers that sell directly to customers to offer at least one digital payment method by 2027, aiming to reduce reliance on cash and curb tax evasion and money laundering. The new laws, which do not eliminate cash payments, will allow customers to use cards, smartphones, or smartwatches, while keeping cash as a legal tender. This initiative seeks to enhance financial transparency, despite objections from some small business owners regarding the costs of payment devices and associated fees.
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