When trendy U.S. salad chain Sweetgreen moved to stop accepting cash payments in December 2016, it extolled the decision as “a win for the customer, company and community.”
Fast forward just over two years and the saladmonger’s 94 branches are hauling their cash registers out of storage after drawing the conclusion that jettisoning the greenback “is not the right solution to fulfill our mission.”
“Ultimately, we have realized that while being cashless has advantages … to accomplish our mission, everyone in the community needs to have access to real food,” the company said in an April 25 blog post.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.