News

Around the globe, a growing number of protests and petitions are calling for improved access and acceptance of cash. Could they reverse the trend of declining access to cash and contribute to maintain the cash infrastructure?

The CashTech Innovation Awards aim to recognise innovations that facilitate access to and acceptance of cash and improve the cash cycle's overall efficiency. Submissions are open until 31 September 2023.

A recent IMF paper suggests that ATM cash withdrawals are better indicators of the use of cash for payments than the traditional metric of currency in circulation. However, the reasoning is somewhat biased and includes unconvincing arguments.

The Financial Services and Markets Bill 2002 is expected to gain Royal Assent –and therefore become law- in early summer 2023. The Bill includes measures impacting the U.K.'s wholesale cash distribution.

While Sudan will require food aid in the short term, the bulk of the response is likely to involve cash transfers. But in what form?

While digital payments grew in Germany during the pandemic, cash still prevails in daily transactions. Burglars have targeted ATMs using explosives to access their safes in recent years.

According to the FDIC, 81.5% of U.S. households were banked in 2021. ATMs and bank branches remain essential for seniors, lower-income, less-educated, and rural families to access financial services.

In Sweden, an inquiry concludes that the state should ensure better access to payments, recommends mandating cash acceptance, and sees no current need for a digital krona.

Paying taxes in cash is arduous, time-consuming and discouraged, but it is possible. For the unbanked, alternative ways to pay are costly.

The Financial Services and Markets Bill 2002 would allow HM Treasury to designate firms to be subject to oversight to ensure the continued provision of cash services. The Bill would also give the Bank of England powers to oversee the wholesale cash industry.

The Austrian National Bank (OeNB) advises storing a small amount of cash at home for emergencies – such as a blackout or cyberattack.

A new report suggests that almost three out of four Canadians believe that refusing cash in grocery stores is discriminatory towards the unbanked and underbanked.