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Cash is an infrastructure and the cash community needs to develop a long-term vision, to be able to pro-actively steer the cash cycle and address the challenges cash is facing today.

During this webinar, our panel combining industry experts and futurists will imagine radical scenarios for the future of cash. The session is the second part of a series of three webinars aimed at using Futures Literacy to imagine the Future of Cash.

The French Federation of Cash Management Companies has lodged a complaint with the Competition and Fraud Authorities over refusals to accept cash in shops during the pandemic.

Amid the current furore about whether cash is safe to use, it’s timely to reflect that currency not only serves as a ready means of payment, but also a store of wealth. In a rush by some to abandon cash – or see its use side-lined – it is also important to consider that for many people around the world, cash is also often their only readily available means of payment.

Age UK is deeply concerned that the headlong rush towards a cashless society is leaving some older people unable to pay their way. It joins a growing number of associations around the globe calling for universal access to cash.

Cash – physical currency – is a vital public good whose social utility in times of crisis deserves to be better recognised. It is time for aid agencies to protect it. The health of vulnerable populations around the world – the people international aid agencies exist to protect – should not be put at risk by advising them to use only cashless forms of payment or systems which are not disaster-resilient. In fact, to do so goes against the humanitarian principles of ‘do no harm’.

European Central Bank executive board member Yves Mersch said that the ECB would only introduce a Central Bank Digital Currency (CBDC) if they become firmly convinced that it is both necessary and proportionate in ensuring currency stability.

Mathematician Ivar Ekeland and economist Jean-Charles Rochet recommend the introduction of a 0.3% tax on all electronic payments to fund the economic recovery, following the pandemic.

During this webinar, our panel combining industry experts and futurists will imagine and debate the role of cash in a post-corona world. The session is the first part of a series of three webinars and will aim at looking at the key trends which will likely shape the Future of Cash. Save the date: 19 May 2020 @ 14:00 CET!

The crisis is forcing many businesses to reinvent themselves. It is also spurring innovation in the cash cycle, as banks, retailers and other stakeholders are designing new ways to distribute and handle cash.

As the Coronavirus pandemic spreads around the globe, it is changing the way we interact with others and the way we transact. Social distancing, confinement measures, closures of shops and restaurants are changing the way we shop and pay. This article aims to review how central banks and the media have been reporting on the impact of the virus on cash and payments and what lessons can be learnt.

Cash demand is soaring in Russia. The country joins Argentina, Australia, the Euro area and the US, which have also seen a sharp rise in cash in circulation.