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Cash and Crises
An Inclusive, Fair and Resilient Monetary Ecosystem needs Cash
July 02, 2020
Despite the scale of the Covid-19 pandemic, the payment system has weathered the storm; no systemic outages of core payments infrastructure have been reported. Payments systems - cash and non-cash - have proved resilient and robust and have continued to enjoy trust from the general public.
Time to Protect Cash
May 15, 2020
Cash – physical currency – is a vital public good whose social utility in times of crisis deserves to be better recognised. It is time for aid agencies to protect it. The health of vulnerable populations around the world – the people international aid agencies exist to protect – should not be put at risk by advising them to use only cashless forms of payment or systems which are not disaster-resilient. In fact, to do so goes against the humanitarian principles of ‘do no harm’.
The Role of Cash when responding to the Covid-19 Pandemic
April 21, 2020
Disaster Management Consultant and Epidemiologist, James Shepherd-Barron, shares why advising low-income societies to use contact-less electronic payments instead of cash as a Covid-19 control measure is likely to negatively affect health outcomes over the longer term.
Solidarity is the New Currency
March 18, 2020
As the coronavirus pandemic, spreads, it is fundamentally changing our hierarchy of values. Our perception of the future of money is now facing a new paradigm.
Financial Inclusion Programmes are not Changing the World
January 21, 2020
Financial inclusion programmes play an increasingly important part in international development but two researchers find that the effects on economic poverty are small and inconsistent.
Dispensing Value - The Social Utility of the ATM
October 21, 2019
The ATM doesn't just dispense cash, it dispenses value way beyond that of the banknotes it disgorges. They play a pivotal role in disaster risk reduction, poverty alleviation and social protection. But they could do more.
The ATM is critical to driving financial inclusion
August 22, 2019
The impact digital and mobile technologies have had on the financial services industry is undeniable, but innovation in the ATM self-service channel and the unique characteristics of cash will prove just as significant in the quest for greater financial inclusion.
How much do we value privacy?
June 20, 2019
As Facebook publishes its white paper on Libra, the code-name for its future global digital currency, it is probably timely to reflect on the value of privacy and more particularly the value of privacy in payments.
Happy Cash Photo Competition : over 1,000 entries and 10 days to go.
October 17, 2017
The collection of pictures offers a unique journey in the world of cash and illustrates the numerous social, economic and artistic attributes of cash.
Privatisation of cash is not the ‘pro-poor’ solution it pretends to be
July 17, 2017
The payments industry has cleverly used the aid sector as a ruse, a Homeric ‘Trojan Horse’, to gain access to key governmental decision-makers around the world whom they would otherwise find difficult to reach. These contacts have been ruthlessly exploited to pursue their global ambition of a cashless society.
Is Visa so desperate for business they need to pay merchants to go cashless?
July 14, 2017
Visa US. is taking the war on cash to the next level. In a new initiative to encourage businesses to go cashless, Visa will be awarding up to $500,000 to 50 eligible small business food service owners who commit to stop accepting cash.
The road to digital money is paved with cash
May 05, 2017
The overall shift towards digital money is slow and patchy. More importantly, it is widening the monetary divide between those who have access to an increasing range of digital forms money and those who remain financially excluded.