Innovation contributes to the efficiency of cash

Cash Talks is a series of webinars debating critical trends and issues in the cash space. The third Cash Talk focused on CashTech, the encounter between cash and technology, and discussed whether and how it can play a larger role in the future cash cycle.

Cash Talks is a series of webinars debating critical trends and issues in the cash space. The third Cash Talk will focus on CashTech, the encounter between cash and technology, and discuss whether and how it can play a larger role in the future cash cycle.

Elsewhere on the Web provides weekly updates and links to articles related to cash and money, curated on the web. Last week, several articles raised the question of banknote sourcing and sovereignty, and The New Statesman reviewed how innovation can improve access to cash.

Elsewhere on the Web provides weekly updates and links to articles related to cash and money, curated on the web. Last week, the future of money was a hot topic, and several Latin-American banknotes were rewarded for their excellence in design and security.

In the second episode of the Cash and Crises podcast series, James Shepherd-Barron sits down with Diederik Bruggink, Head of Innovation and Payments at the World Savings and Retail Banking Institute, to discuss why the cash cycle matters and its implications for developing economies.

CashEssentials’ ‘CashTech Forum’ brings together innovators, start-ups and scale-ups leveraging software and technology, to provide improved cash services and enhance the efficiency of the cash cycle.

Payments service provider Paysafe has announced the acquisition of leading CashTech company Viafintech. Meanwhile, former Viafintech shareholder Gory invests in shared bank branch startup, OneBanks. The transactions demonstrate growing investor interest in CashTech.

Bank hubs jointly operated by the 5 leading banks and the Post Office are the latest U.K. initiative to ensure access to cash services for individuals and businesses in a viable way. Eight pilots are currently being trialled across the U.K.

A new ATMIA position paper calls for Universal Cash Deposit, an interoperable solution whereby a customer from one bank may deposit cash at ATMs owned and operated by other banks or ATM deployers.

The ATM networks of Bangladesh and India have expanded during the first year of the Covid-19 pandemic. In Bangladesh, ATM transactions increased in 2020; in India, currency holdings in the public’s hands grew 17.4% during the pandemic.

Technology and innovation are contributing to create a sustainable, future-proof and efficient cash cycle. Cash-in-shop, paying cash online, contactless cash withdrawals, low-carbon cash cycle are all part of a growing range of CashTech innovations.

A new CashEssentials report shows how technology and innovation can create a sustainable, future-proof cash cycle. The paper provides an overview of where we are in terms of CashTech innovation, and aims to encourage its continuation, by supporting the work of innovators, start-ups and scale-ups.