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Cash and Crises
Cash is the first step of financial inclusion
An Inclusive, Fair and Resilient Monetary Ecosystem needs Cash
July 02, 2020
Despite the scale of the Covid-19 pandemic, the payment system has weathered the storm; no systemic outages of core payments infrastructure have been reported. Payments systems - cash and non-cash - have proved resilient and robust and have continued to enjoy trust from the general public.
The Role of Cash when responding to the Covid-19 Pandemic
April 21, 2020
Disaster Management Consultant and Epidemiologist, James Shepherd-Barron, shares why advising low-income societies to use contact-less electronic payments instead of cash as a Covid-19 control measure is likely to negatively affect health outcomes over the longer term.
Don’t be a dactylochrematophobe!
April 20, 2020
Antony Harris of Crane Payment Innovations explains why being a Dactylochrematophobia – someone afraid of handling cash – is concerning for society and what alternatives can be looked at in facing this fear.
Cash matters – now, more than ever, in the time of coronavirus
April 16, 2020
Groups representing the currency, ATM, transportation and security sectors call on governments, central banks, media, business and society to stand up for cash.
Cash on Wheels: India launches Mobile ATM
April 08, 2020
Indian Bank launches a mobile ATM service for safe and accessible cash withdrawal.
UK Banks have Saved £120 Million by Closing ATMs
February 10, 2020
According to consumer Association, Which? the closure of ATMs have saved UK banks £120 million in ATM interchange fees and cost consumers £104 million in surcharging.
Financial Inclusion Programmes are not Changing the World
January 21, 2020
Financial inclusion programmes play an increasingly important part in international development but two researchers find that the effects on economic poverty are small and inconsistent.
Cash amidst Volcanic Ash?
January 17, 2020
Digital payments are gaining traction in the Philippines and the central bank is promoting digital payments to further inclusive economic growth. Cash is growing fast, providing an infrastructure that is both inclusive and resilient to crises, a strong priority for this disaster-prone country.
Mani App brings Money Vision to India’s Visually Impaired
January 10, 2020
India’s visually impaired sees a clearer future in handling their money, thanks to the MANI mobile app which helps identify the denomination of currency notes.
Multiplier Effects: How US$1,000 Cash Transfers benefited Kenya’s poor
December 17, 2019
Charity GiveDirectly gave US$1,000 each to poor households in Kenya, resulting to US$2.60 in additional spending or income for every US$1 cash delivered.
France and Greece take further measures to restrict cash usage
November 19, 2019
An increasing number of countries are taking a close look at the evolution of their cash infrastructure to ensure the future continuity of cash services, particularly as commercial banks optimise their branch and ATM networks. Other countries are taking measures to restrict cash usage.
UK: over 100 communities apply for new ATMs in a month
November 01, 2019
Early October, LINK the UK's main ATM network inroduced a £1 million fund to support the installation of free-to-use cash machines in remote communities. In less than a month, over 100 applications were received.