Blog

The COVID-19 pandemic is the 1st truly global crisis. Beyond the loss of life, there are numerous far-reaching consequences such as human seclusion, suffering, economic distress and a sense of helplessness. The Global Cash Community has joined forces to develop an initiative called HUMANIA that aims to support the people in society who have been most affected by the Covid-19 pandemic in their efforts to recover and rebuild.

Using data from a continuous household consumption survey, economists Renuka Sane and Ajay Shah analyse both the levels of household borrowing as well as the sources of lending. They conclude that fewer households borrow but more rely on family and friends as well as shops.

With digital payments thriving in China, so is payment-related crime. The authorities are punishing offenders by banning them from using mobile and card payments and stranding them in a cash-only world.

Following the UK Government's announcement to protect the future cash system, a new survey shows that 76% of consumers think that the Government should do more to help people continue to have access to their cash.

A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. In this second part, we analyse the link between legal tender and the exercise of fundamental rights. We also look at the implications of legal tender for a central bank digital currency (CBDC).

The dual role of currency both as a store of wealth and means of payment has never been more apparent, as the numbers that report cash on issue and cash use remain dramatically different.

Nina Wenning, the CEO of Bankomat, the Swedish bank-owned ATM operator calls for the central bank to incentivise retailers to accept cash by subsidising the cash cycle.

A case before the top European Court could have important implications for the status of banknotes and coins as legal tender and the acceptance of cash. The Advocate General issued a preliminary advisory opinion which states that creditors have an obligation in principle to accept cash in euros for the payment of monetary debts.

According to the latest edition of the IFOP survey for Brink's France (27 and 28 0ctober, 2020), cash remains the most frequently used means of payment by the French. 79% of the population are opposed to its disappearance.

This webinar is the fifth in a series by CashEssentials exploring key trends shaping the future of cash. This is the first to focus specifically on ‘cash & crises’. Over the course of sixty minutes, cash industry experts and international aid practitioners will debate some of the advantages and disadvantages of digital cash assistance in the context of financial inclusion for societies in crisis.

Bank Al Maghrib, the central bank of Morocco has published its annual report on market infrastructure, payment instruments and financial inclusion. It concludes that Moroccans are sticking to cash.

The pandemic has boosted revenue for many players in the digital economy. But both Visa and MasterCard have seen their revenue decline during the pandemic.