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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Reports

Cash Trends in the Modern World

“Cash as a payment medium is alive and well, even if it is slowly decreasing as a proportion of total payments. Cash’s share of total payments has declined, on average, 1 to 2 percentage points each year since 2015, when we began conducting DCPC studies regularly. The latest DCPC shows cash is the second most […]
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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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Regulation

Banking Trade Body UK Finance Commits to Support Free Access to Cash

“And one of the first things it will need to do is define ‘appropriate’ free access to cash. UK Finance is building on the Access to Cash Review, chaired by Natalie Ceeney. The independent Access to Cash Review considers consumer requirements for cash over the next five to 15 years. Specifically, the review examines future […]
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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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On The Wires

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