PARLIAMENTARY WRITTEN QUESTION
Small Businesses (14 June 2021)

As part of the Financial Services Act 2021 the Government made legislative changes to support the widespread offering of cashback without a purchase by shops and other businesses. The Government’s view is that cashback without a purchase has the potential to be a valuable facility to cash users, and to play an important role in the UK’s cash infrastructure.

The Government’s legislative change to enable cashback without a purchase will take effect this month of June 2021. Last month, UK Finance announced the formation of a new Access to Cash Action Group, and confirmed that the banking and finance industry is already working collaboratively with retailers to make a success of this new opportunity.