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Cash and Crises
Cash is the most widely used product
Record demand for cash in UK
June 29, 2017
A couple years after Andy Haldane's proposal to abolish cash to impose negative interest rates on people, cash is proving to be still one of the most popular means of payment in the UK with a 10% growth in 2016 compared to the previous year.
Half of transactions in the UK made in cash
June 02, 2017
Britons love their cash and 47% of transactions in the UK are carried out in cash despite the growth in contactless card payments and other payment apps.
1,700 banks branches have closed in the UK
April 27, 2017
Lloyds bank in the UK is proceeding with its branch-closing spree to maintain the momentum it announced two years ago: shedding 12,000 jobs and 400 branches by 2017.
Digital transactions decline in India
April 12, 2017
As cash becomes increasingly available, Indians are reverting to cash.
Only 1% of Russians rely exclusively on cards
March 29, 2017
Russians are cash lovers and consider restrictions of its use a violation of their rights, consumer study finds.
UK ATM network at the heart of the debate
February 07, 2017
UK ATM network Link is discussing whether to institute fees for customers after the scheduled system-wide overhaul.
Millennials Still Prefer Cash
March 01, 2016
Fifty-eight percent of Millennials still prefer using cash when lending or borrowing money from family and friends.