Since May of this year, only 39 percent of transactions in the Netherlands were paid for with cash, compared to around 60 percent in 2014, according to new figures from Dutch central bank DNB and the Dutch Payments Association. DNB is concerned about the rapidly decreasing use of cash money. A cashless society is "vulnerable", DNB cash director Coen Voormeulen said to newspaper AD.
Dutch bank ING managed to track down the fault that resulted in 3 million transactions being processed twice. The bank reversed the double payments and by now all customers should have their money back, RTL Nieuws reports.
The supermarket chain Jumbo claims to be the first Dutch grocery store to allow contactless purchases in all of its stores, the company said in a statement on Friday. New debit card machines installed over the next few weeks will work with the newer generation of bank cards, the company promised.
Dutch banks are working on apps that will enable contactless payment via a smartphone. According to the AD, everyone will have the choice between paying with a debit card or via a smartphone within a year.