Payments News

On The Web

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Systems

Amazon Plans Cash Payment Option At Amazon Go Stores

“Amazon will accept cash at Amazon Go stores in the future, according to CNBC . The plan is part of an effort to address concerns that the checkout-free automated stores could discriminate against shoppers who lack bank accounts or credit cards. The effort would allow Amazon Go stores to open in states and cities that […]
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Systems

Rise in Cashless Payments Stokes Concerns Over Data Security

“The shift toward a cashless society is well under way in Canada, as credit and debit cards, online transactions and digital wallets increasingly replace cash as the preferred modes of payment. Cash now accounts for just 12 per cent of point-of-sale transactions, according to Payments Canada’s most recent report. And payment processor Moneris forecasts that, […]
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Systems

Vietnam and Thailand Lead Drive to Make Southeast Asia Cashless

“Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments. Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services without going […]
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Systems

Restaurants, Retailers Rethink Cashless As Financial Inclusion Takes Center Stage

“Additional legislation to regulate cashless retail is pending after New Jersey and the city of Philadelphia passed laws to require most retailers and restaurants to accept cash, and upstart businesses that have considered themselves progressive-leaning are discovering the need to find a balance between the smart use of new technology and the cultivation of a welcoming […]
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Systems

After Outrage, Sweetgreen Will Accept Cash Again

“Starting in December 2016, fast-casual salad chain Sweetgreen stopped accepting cash at restaurants across the U.S. The move was immediately controversial , but it took more than two years for the company to reverse the decision.     On Thursday, the company announced that its six Philadelphia locations will accept old-fashioned paper currency, beginning July 1.  By year […]
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Systems

Google to Allow Users to Pay for Android Apps Using Cash

“Today, the Android platform sees more app downloads than iOS, but Apple’s App Store continually dominates in terms of revenue . Now, Google is aiming to narrow the revenue gap by introducing a new way for users in emerging markets to pay for apps: with cash. The company today announced it’s launching “pending transactions,” which […]

On The Wires

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Regulation

Cash Here to Stay As Government Commits to Protecting Access

“The future of cash will be protected under plans set out today (Friday 3 May), which will ensure the British public continues to have choice over how they spend their money. The Chancellor, Philip Hammond, will announce plans to help safeguard access to cash by establishing a new group chaired by the Treasury. Bringing together […]