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Cash and Crises
Costs of cash versus costs of electronic payment instruments
Malaysia to Impose Caps on Cash Payments and Subsidise Digital Payments
January 23, 2020
The Central Bank of Malaysia is proposing to place a Cash Transaction Limit to promote financial integrity. Meanwhile, the government is launching a programme to subsidise digital payments.
The British Retail Consortium calls for Action on Card Fees
November 18, 2019
The British Retail Consortium has published its latest Payment Survey which shows that credit card spending overtook cash spending in 2018. Debit cards remain the most popular method of payment, accounting for almost three-in-five transactions.
New study finds that cash is cheapest payment instrument
November 08, 2019
A new study analyses the cost of cash compared to debit cards across 52 countries. It identifies and estimates the resource and private costs to determine the total social cost for both payment instruments, for consumers and retailers. The results show that the unit cost of debit cards is 2.8 times larger than the cost of cash globally.
Understanding the Costs of Payments - Call for Papers
October 31, 2019
CashEssentials will be holding one-day seminar entitled ‘Understanding the Costs of Payments’ which will be held in Madrid on the 20th of April 2020. The seminar will bring together economists, researchers, academics and payment experts.
Mastercard UK will pay shops to distribute cash
September 25, 2019
A surprising move for a company which is better known for waging a war on cash, Mastercard will now pay shops to dispense it to customers.
Pay cash for your Google apps
May 29, 2019
Google is now enabling users to pay for Android apps using cash with the latest release of its ‘Pending Transactions’ payment option.
Australia: Cards weigh more in your wallet than you think
February 11, 2019
In 2016, 3.5% of Australian card transactions were surcharged. For retailers, this represents a cost of nearly $4 billion a year, which is inevitably passed on to consumers.
Cashless festivals: Who’s profiting?
January 29, 2019
Yet another festival in Australia drops cash transactions leaving consumers to wonder who’s the winner of the cashless game.
Indian digital village: back to cash
December 04, 2018
The first Indian digital village shifted back to cash payments just after two years since the transformation process was lounged. The reasons were 2% fee charges and the lack of basic infrastructure in the region.
Card usage in the UK and its effect on the poor
October 29, 2018
Access to cash is becoming a challenge in some parts of the UK, forcing retailers to increase prices and impacting low income households.
Pay cash and get a discount!
October 15, 2018
Small business owners in the US can now offer a discount to customers willing to pay with cash - and it can amount to 4% of the bill! - thanks to VizyPay
QR codes: a new way to donate but at what cost?
October 08, 2018
As people carry less cash, the homeless have been suffering. Greater Change developed a system to respond to this issue, but an ethical question arises about the privacy and freedom of the beneficiaries.