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Cash News: February 6-March 1

Categories : Cash and Crises, Cash does not require a technology infrastructure, Cash is a symbol of national sovereignty, Cash is the first step of financial inclusion, CashTech, Innovation contributes to the efficiency of cash
March 6, 2023
Tags : ATM, CashTech, disaster recovery, New Banknotes
Elsewhere on the Web provides weekly updates and links to articles related to cash, money, and payments curated on the web.
Guillaume Lepecq

Chair, CashEssentials

This post is also available in: Spanish


Here are some of the highlights since February 5.

ATM Statistics to Understand Worldwide Expansion

EnterpriseAppsToday has compiled some interesting and sometimes counterintuitive statistics on the global ATM market.

Bangladesh: “Human ATMs” promote financial inclusion

Kamal Quadir, the founder of mobile money provider bKash, explains in how a network of 330,000 agents serve as ‘human ATMs’ and enable users to cash in or out of the system: “These human ATMs played a pivotal role in promoting financial inclusion by enabling people to access formal banking services at an affordable cost, within walking distance from every household.”

Founded in 2011, bKash is ubiquitous in Bangladesh, with 67 million users. A subsidiary of Brac Bank, bKash is the first Bangladeshi firm to be backed by Ant Group, SoftBank, and the Bill & Melinda Gates Foundation. The company has raised nearly $400 million in venture capital to date.

New Zealand: Cyclone Exposes Risks of a Cashless Society

Bloomberg reports that cyclone Gabrielle which tore through New Zealand in February, has exposed the dangers of a cashless society, prompting the central to consider new ways of ensuring access to physical money when power and telecommunications are down.

During the cyclone, the Reserve Bank regularly updated a list of working ATMs in the affected areas and published it on its website and social media.

Ukraine: New Commemorative Banknote

On February 23, 2023, Andriy Pyshnyy, Governor of the National Bank of Ukraine, presented a new commemorative 20-hryvnia banknote to mark the anniversary of Ukraine’s struggle against the Russian invaders and celebrate the grit, resilience, indomitability, and heroism of Ukrainians.

The note is legal tender in Ukraine and shall be accepted for all payments at its face value across Ukraine. At the same time, its production is limited to 300,000 units, which gives collectible value to the banknote (of which 200,000 units are in souvenir packaging and 99,900 are in envelopes).

U.K.: New King Charles III Coin Bears a Hidden Image

According to, the new British coins featuring King Charles III bear a hidden image: “Eagle-eyed viewers will notice King Charles III has what appears to be a bird of some sort in front of his ear, which may commemorate his love for nature and the environment, but pictures of the King will show it also naturally occurs on his face.”

“Once you’ve seen the bird on King Charles’ ear, you’ll zero-in on it every time you see one of his coins, and I suspect you’ll never unsee it,” said Jon White, director of Britannia Coin Company.

U.S.: CashTech Partnership Expands Capability of Bill Payments in Cash

Tearsheet reports that Paymentus, an electronic billing and payments company, has partnered with Green Dot Network to broaden its cash bill pay capabilities and offer customers the freedom to choose their preferred payment method. By connecting Paymentus to Green Dot’s network, companies can accept cash bill payments from their customers at some 90,000 retail locations. The Green Dot Network reaches 96% of the US population, providing broad access to cash services for people who need them.

African Countries Redesign Currencies to Tackle Counterfeit, Corruption, and Inflation

Culture Custodian reports that several African countries are planning new high-denomination notes to tackle inflation, corruption, and money laundering.


Here’s what’s new on all things cash and money curated on the web since February 5.


FEBRUARY 15–21, 2023

FEBRUARY 6–15, 2023

This post is also available in: Spanish