Cash Perspectives 2019
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In recent months, we have witnessed the evolution of the payments landscape and the impact it has on society. The importance of financial inclusionA process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products. While it is recognised that not all individuals need or want financial services, the goal of financial inclusion is to remove all barriers, both supply side and demand side. Supply side barriers stem from financial institutions themselves. They often indicate poor financial infrastructure, and include lack of ne... More and the role cashMoney in physical form such as banknotes and coins. More plays in a continuously digitising economy has never been more evident!
Following CashEssentials’ 2018 Cash Report, we are back again with some exciting updates on 2019 Cash Perspectives – a summary glance at all things cash:
Highlights
- Central Banks and lawmakers across the world are recognizing the importance of financial inclusion and ensuring the continuity and resilience of the cash supply chain.
- Humanitarian agencies and governments are changing lives, through cash transfer tools, one banknoteA banknote (or ‘bill’ as it is often referred to in the US) is a type of negotiable promissory note, issued by a bank or other licensed authority, payable to the bearer on demand. More at a time
- US legislators are standing up for equal opportunity and financial inclusion, enacting bills to protect cash-paying consumers
- Maintaining momentum in cash innovations, technological developments are being integrated for more convenient access to cash
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