Cash

Building a sustainable cash infrastructure is necessary in the UK’s payments landscape. LINK, the UK’s largest cash machine network, has announced new measures to enable free access to cash.

In the mood to photograph small purchases that bring great joy? The 2019 CashEssentials photo contest is now open and we look forward to seeing – and hearing your stories from 4th September to 16th October!

Canada and Sweden have both experienced a decline in transactional demand for cash. While Sweden has seen an overall decline in cash in circulation in relation to GDP over the past decade, Canada’s demand, on the contrary, has been stable. This discussion paper, released by the Bank of Canada, compares the evolution in both countries.

India celebrated its 73rd Independence Day on 15 August this year with Prime Minister Narendra Modi encouraging businesses to put up signs welcoming digital payments and shunning cash.

For the first time, some researchers are claiming that the number of installed ATMs may have marginally declined worldwide, with key markets such as China, the USA, Japan, Brazil and India experiencing a lag in growth. However, in no way is this correlated to a decline in cash demand. The decline seems to be limited to a few major markets and could well be due to structural factors.

Cash remains the preferred method of payment in Singapore where a large number of digital-hesitant senior citizens are reluctant to adopt mobile payments, while tech-savvy youth are increasingly concerned about online security.

‘Dirty Money’ has never gotten as literal as this. Do you ever just wonder how clean cash, cards and coins are? LendEDU did and they share exactly how!

A temporary power outage at Target that left customers unable to process their payments reminds us how a society driven by digital payments alone, could in fact cost the consumer more.

Answering a question from a Member of the European Parliament, European Commission Vice-President Dombrovskis confirms that the Commission is committed to the right to use cash as legal tender.

After the destruction of unfit banknotes, several of these methods allow the shreds to be used as a natural resource, showing how cash is fit for sustainability.

A recent study reveals that mobile-payment consumers are attached to cash. Cash provides convenience, privacy and is readily accepted by virtually all businesses.

The UK banking and finance industry commits to helping local communities to identify and secure appropriate free access to cash for customers.