Access to Cash Debate
Full Debate: Read Full DebateDepartment: Department for International Development
Lord Wigley
Main Page: Lord Wigley (Plaid Cymru - Life peer)Department Debates - View all Lord Wigley's debates with the Department for International Development
(5 years, 8 months ago)
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Lord Bates
That is partly within the role of the Payment Systems Regulator, although not entirely. On the point about cash and Link machines, Link is a network of banks that supervise these things. It has increased the intercharge fee between ATMs so that it can meet its obligation to ensure that ATMs are at least 1 kilometre from the next free ATM in rural areas. That is a very important commitment, which the regulator will hold them to account for.
Lord Wigley (PC)
Does the Minister accept that in those scattered rural areas there is the very real problem that it is impossible to get good broadband connectivity, and therefore internet banking is not possible? That is not just an inconvenience; it means it is very difficult to get economic development of the sort that is needed.
Lord Bates
I am aware of that. There is obviously the universal service obligation. This year for the first time telephone banking apps will overtake digital online as the way in which most people access their banking services, so that is another factor. However, I am aware of the concern.