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Cash & Crises
Costs of cash versus costs of electronic payment instruments
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.
UK to investigate costs linked to cards
August 28, 2018
UK Payments System Regulator will investigate the card acquiring market following soaring costs incurred by merchants accepting card payments, which have caused overall prices to rise for consumers.
Burger King drops contactless in New Zealand
July 03, 2018
Due to exorbitant interchange and contactless service fees, a growing number of merchants are abandoning tap-and-go at checkout in New Zealand.
Sounding the alarm: the downsides of card dependency
June 19, 2018
The opacity of growing scheme fees and the risks of a system failure should get people to start thinking about the costs of society's growing dependency on card schemes.
Non-cash payments: profit for financial institutions
June 07, 2018
Non-cash payments incur hidden costs that consumers are not always aware of, writes the Wharton School at the University of Pennsylvania.
Venezuela’s « petro » in murky waters
January 23, 2018
Venezuela's Maduro is moving along with his "petro" cryptocurrency project despite growing criticism from the opposition and the U.S.