Cash generates security

The Cuban government recently restricted the use of cash in transactions, seeking to promote financial inclusion. Cuban infrastructure is ill-prepared for digital payments.

In Japan, seniors are the main targets of card scams worth hundreds of millions of dollars. The police is proposing to limit the use of bank cards for people aged 65 and over.

Financial exclusion is not limited to developing countries or low-income migrants. It also applies to those who move overseas, including in developed countries.

The programme of the Future of Cash conference (Istanbul, 6-8 November), has now been published. Here are the big themes of the conference, and the relevant speakers.

While digital payments grew in Germany during the pandemic, cash still prevails in daily transactions. Burglars have targeted ATMs using explosives to access their safes in recent years.

The Austrian National Bank (OeNB) advises storing a small amount of cash at home for emergencies – such as a blackout or cyberattack.

Thieves steal funds via payment apps using their victims’ iPhone passcodes or the smartphones’ facial recognition technology.

The Reserve Bank of New Zealand and payments sector incumbents worked to reestablish cash services after cyclone Gabrielle hit the North Island in February.

As we celebrate International Women’s Day, we look back at the essential role of cash in promoting gender equality.

Cash helps civilians and refugees best during the Russian invasion of Ukraine.

Crises such as the Covid-19 pandemic and the Russian invasion of Ukraine demonstrate the importance of a resilient cash cycle. Several countries are taking measures to further secure the supply of cash in times of crisis.

Elsewhere on the Web provides links to articles on cash, money, and retail payments.