CashTech is the encounter between cash and technology. It brings together innovative companies who leverage software and communications technology to improve cashMoney in physical form such as banknotes and coins. More services – including access for consumers and businesses, facilitating the acceptance of cash by retailers across all channels, and enhancing the overall efficiency, resilience and sustainability of cash.
The CashTechThe expression was first coined by CashEssentials and is the encounter of cash and technology. It brings together innovative companies who leverage software and modern communications technology to improve cash services: access to cash; acceptance of cash; and the efficiency of the cash cycle for all stakeholders. More Innovation Awards celebrate the tremendous advances in harnessing technology to ensure an accessible, reliable and sustainable future for cash. There are three categories.
The jury will gather two of the 2022 award winners, Sandipan Chakraborty, founder of Sonnect as well as Joseph Arrange, Co-founder of Clip MoneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More, as well as Guillaume Lepecq, founder of CashEssentials.
The Best CashTech Award was jointly presented to DBS Bank and Koenig & Bauer Banknote Solutions.
Singapore-based DBS Bank deployed pop-up ATMs to distribute new banknotes to celebrate the Lunar New Year, discouraging customers from overcrowding bank branches during the pandemic.
DBS pop-up ATMs dispense new notes during the Lunar New Year.
Koenig & Bauer BanknoteA banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. More Solutions developed ValiCash™, the first application to authenticate banknotes via mobile phone, bridging the physical and digital worlds.
The ValiCash™ app helps authenticate banknotes.
The Best CashTech Innovator was presented to Sonect, which has developed an app-based solution connecting consumers who want to withdraw cash with merchants who wish to deposit cash.
Sonect converts shops into virtual ATMs.
Clip Money won the Best CashTech Start-Up Award. The North American company has combined a mobile app with a cloud-based transaction platform, securely connected cash deposit devices and management software to deliver an end-to-end deposit solution to businesses, whoever they bank with, with the universal deposit devices available in convenient locations 24/7 such as shopping malls.
Clip Money enables businesses to deposit cash 24/7 in convenient locations.
Please submit your nomination by 31 September 2023 by completing this form.`
Alternatively, send your nomination to firstname.lastname@example.org