Cash facilitates budgetary control

A new OECD paper highlights the importance of balancing digital innovation with the enduring need for cash. By adopting comprehensive policies and initiatives, governments can ensure that all segments of society have access to reliable and secure payment methods, fostering financial inclusion and stability in the digital age.

In a recent speech, Reserve Bank of Australia (RBA) Governor Michele Bullock highlighted the significant shift in consumer payment preferences, emphasizing the challenges to the cash infrastructure. The RBA is committed to ensure cash remains a viable means of payment for as long as Australians want or need to use cash.

A penny for your thoughts? The humble penny is more than just a coin—it's a symbol of American history and thrift. As debates about its future continue, let's explore why every penny counts.

The European Central Bank (ECB) published in December its latest study on the payment attitudes of consumers in the euro area (SPACE). In terms of the number of payments, cash is the most widely used method with 52% of transactions, down from 59% in 2022.

Gisèle Pélicot, is a French woman who endured years of abuse at the hands of her ex-husband. While her ordeal primarily involved severe physical and psychological abuse, her story underscores the broader context of dependency and control that often includes financial abuse

New research highlights that cash not only influences how much we spend but also fosters a profound sense of psychological ownership that digital payments do not replicate.

New research confirms that consumers spend more when using digital payments rather than cash. Consumers need to be aware of this and manage their spending habits accordingly. Regulators may need to address the risk of overspending.

A new opinion poll by Ifop for the Monnaie de Paris shows that cash remains the most trusted means of payment and that the level of attachment to cash is strengthening.

Cash is essential in a well-functioning society, as it guarantees social cohesion, which is threatened by aggressive digitalisation, says Spanish pro-cash platform Denaria.

The media often overlooks the downsides of digital money services. A powerful narrative that exaggerates the benefits and conceals the downsides supports the growth of fintech in Africa.

The Irish government has approved the Access to Cash Bill which aims at guaranteeing reasonable access to cash, both in terms of withdrawals and lodgements, and ensuring central bank oversight over cash cycle stakeholders.

For the first time in a decade, U.K. cash payments at the point of sale have increased as consumers turn to cash to better manage their budget during the cost-of-living crisis.