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The European Union has adopted the Corporate Sustainability Reporting Directive (Directive 2022/2464), which the Member States need to implement by 6 July 2024.
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According to the Dutch Central Bank, only 15% of the value spent at point-of-sale locations were paid in cash in the Netherlands in 2022, which is much lower than the proportion back in 2013, when 57% of the total value was paid in cash. In 2022, card payments made up 70% of all payments, followed by mobile app payments (10%) and other payment methods (5%).
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Several financial changes are implemented in the Netherlands from the beginning of 2024. You can read below how these changes might affect your business.
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