Payments News
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Systems

Cash Dethroned for Canadian Small Businesses

“This year’s survey, which focuses on the payment trends, interests, and views of Canadian small businesses, revealed nearly 80 per cent of small businesses surveyed are conducting fewer than 25 percent of their transactions in cash, compared to 65 percent in 2018. The year-over-year jump signals that cash is continuing to lose ground as a preferred […]

On The Web

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Systems

Planet Money Episode 371: Where Dollar Bills Come From

“It turns out no trees are killed in the making of dollar bills. What is in that big ball is linen. A dollar bill is 75% cotton, 25% linen. It’s more like a T-shirt or something. And on the floor next to us are these huge mounds of damp linen fiber that’s already been cooked. […]
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Global

Where Cash Is King, the Government Wants Everyone to Pay By App

“Now, the country’s government and big banks are trying to get Mexicans to kick their cash habit. A national program called called CoDi — short for cobro digital, or digital payment — aims to vastly expand electronic purchases, bring a new client base to financial companies, and, most importantly, help the government crack down on illicit […]
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Systems

The Role of Cash In/Cash Out in Digital Financial Inclusion

“There’s a common assumption in the financial inclusion community that the best way to dethrone cash in emerging markets is to devise more use cases for digital financial services (DFS) that are so compelling that customers will prefer them over cash. While there is evidence that customer-centric products lead to DFS uptake and customer retention, […]
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Systems

Consumers Make More On-Us ATM Cash Withdrawals, Fed Data Show

“Despite the decades-old rise of electronic payments at the expense of cash, the rate of decrease in ATM cash withdrawals has slowed down, and more consumers are avoiding fees by using their own financial institution’s ATMs, according to the Federal Reserve. The Fed’s latest triennial payments study released last month says ATM cash-withdrawal transactions declined […]
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Systems

Japan Cashless Incentives Could Be Extended as Part of Stimulus

“Cash is still king in Japan partly because the nation’s low crime rate makes it safe to carry and use bank notes. Promoting cashless transactions is one way for the country to boost productivity and deal with its chronic labor shortage as its population grays and declines. The government’s cashless incentives are part of a […]

On The Wires

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