SB1162

Hawaii SB1162 prohibits businesses from requiring cash-only payments for transactions of $25 or more.

Hawaii SB1162 aims to ensure fair and transparent commercial practices by prohibiting businesses from requiring cash-only payments for transactions of $25 or more. The bill mandates that businesses allow consumers to pay with credit or debit cards for such transactions. This measure seeks to minimize illicit financial activities, increase accountability, and foster an equitable economic environment. The bill also addresses concerns about the economic and social costs of relying on cash, including tax evasion and financial exclusion for unbanked and underbanked populations.