CashTechThe expression was first coined by CashEssentials and is the encounter of cash and technology. It brings together innovative companies who leverage software and modern communications technology to improve cash services: access to cash; acceptance of cash; and the efficiency of the cash cycle for all stakeholders. More is the encounter between cashMoney in physical form such as banknotes and coins. More and technology. It brings together innovative companies who leverage software and modern communications technology to improve cash services – including access for consumers and businesses, facilitating the acceptance of cash by retailers across all channels, and enhancing cash’s overall efficiency, resilience and sustainability.

As banks reduce their cash infrastructure (branches, ATMs and cash centres) in most advanced economies, CashTech has moved quickly into the open lane. Increasingly, it appears as a compelling addition and complement to traditional channels for the distribution and circulation of cash. Other innovators are enabling consumers to pay in cash for their online shopping.