The COVID-19 pandemic has had far-reaching consequences on human and economic activities, including on 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 to overcome the 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 Future of Cash conference brings together all stakeholders involved in the 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 including central banks, financial institutions, retailers, cash management companiesCompanies specialized in the logistical handling of cash including several of the following operations: transportation, storage, counting and processing, packaging, replenishment and servicing of ATMs. See Cash-in-Transit. More, technology providers and other suppliers.
This year, Future of Cash is coming to you through an online, fully interactive and virtual event. Appealing to people from all over the world, this truly international event will take place on 17 & 18 February. The panel style formats will allow the audience to be completely involved in the conversation in the form of Q&As, polls and audience-led discussions.
It’s an exciting chance to partake in plenty of networking opportunities and industry development insights from the comfort of your home or office!
CashEssentials will be presenting its 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 report – staging innovators, start-ups and FinTechs which will be at the heart of disruptive innovation in the cash cycle.
The Future of Cash Online event is open to all. You may register here and find a copy of the event’s full progamme brochure here.