Economic Progress

Why 'cashless societies' don't benefit the poor

An employee counts Indian rupee currency notes inside a private money exchange office in New Delhi July 5, 2013. India's central bank was seen selling dollars via state-run banks on Friday as the rupee approached its record low of 60.76 seen on June 26, four dealers said. REUTERS/Adnan Abidi

Some have argued that a cashless society would help the poor, that isn't the case. Image: REUTERS/Adnan Abidi

Kate Taylor
Reporter, Business Insider
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