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Cash News – Elsewhere on the Web October 6 – October 18 2024

Categories : Uncategorized
November 5, 2024
Tags : Cameroon, Cash, Cashless, Ireland
Elsewhere on the Web provides updates and links to articles related to cash, money and payments curated on the web.
Guillaume Lepecq

Chair, CashEssentials

Highlights from this weeks’ new Roundup:

The Cash Industry is Restructuring

The Mint of Finland  has announced the voluntary termination of the company’s business. The decision is based on global payment changes and weakened business conditions. Crane NXT  announced it has signed a definitive agreement with De La Rue plc to acquire its authentication business for 300 million British pounds in cash, subject to customary adjustments. De La Rue Authentication Solutions is a global leader in security and authentication technologies.

Ireland will not go Cashless

In RTE, Olive McCarthy from University College Cork, analyse how despite ‘the cashless creep’ policy measures are aiming to ensure access and acceptance of cash. One creative measure is the Competition and Consumer Protection Authority’s comparison site for current accounts shows consumers what their financial services provider charges to access their cash.

Cameroon is facing Coin Shortages

The Bank of Central African States (BEAC) is taking action to address a shortage of coins in circulation in Douala. According to Business in Cameroon, coin shortages i have been a recurring issue for years. One of the main reasons is the existence of networks that collect coins from places like gaming halls and informal sectors, and then export them to an Asian country, where they are  sought after for jewelry-making.

Read more: https://cashessentials.org/elsewhere-on-the-web/

 

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