The Future of Cash – Continuing the Conversation
Chair, CashEssentials
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The COVID-19 pandemic has had far-reaching consequences on human and economic activities, including cashMoney in physical form such as banknotes and coins. More, payments, and moneyFrom the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More. For many observers, the pandemic has acted as a catalyst and accelerated existing trends. In particular, it has aggravated the ‘cash paradox,’ i.e., increasing demand for cash but declining usage as a payment instrumentDevice, tool, procedure or system used to make a transaction or settle a debt. More.
The pandemic has forced central banks, governments, commercial banks, and other stakeholders to adopt short-term emergency measures to ensure the smooth supply and circulation of cash. This has involved remarkable creativity and innovation in overcoming immediate threats and challenges. Some of these decisions may become long-term fixtures. Others will be dropped at the earliest opportunity.
But the crisis has also encouraged us to think about the long-term implications and the world after. The crisis will pass. Cash will survive. But the world after will be different. The 2021 Future of Cash Conference will invite participants to actively debate, imagine and shape the future of cash.
The event will focus specifically on the Asia-Pacific region and will be organised around 4 sessions.
6 July 11:00 – 13:00 Singapore time (UTC +8) Session 1: Setting the Scene
In this session, speakers will discuss key trends in cash and payments since the pandemic and how they might impact the future of cash.
6 July 14:00 – 16:00 Singapore time (UTC +8) Session 2: The World After: The Future of Cash Workshop
Leading institutions will share their approach to imagining the future of cash and ensuring its long-term viability and sustainability.
7 July 11:00 – 13:00 Singapore time (UTC +8) Session 3: Next Gen Cash CycleRepresents the various stages of the lifecycle of cash, from issuance by the central bank, circulation in the economy, to destruction by the central bank. More
In this session, cash cycle stakeholders will share best practices and ideas to improve cash efficiency.
7 July 14:00 – 16:00 Singapore time (UTC +8) Session 4: 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 Forum
CashTech brings together innovators, start-up scale-ups who are leveraging technology and creativity to facilitate access to cash, improve its acceptance and generally improve the efficiency of the circulation of cash throughout the economy.
For further information and registration, please visit https://thefutureofcash.com/.
The physical Future of Cash event is on track to go ahead on the 9-10 November 2021, in Madrid, Spain.
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