Despite the growing availability of and interest in digital and contactless payments, when it comes to consumer preference, cash continues to be the ultimate show stopper.
Even with the growth of contactless and digital payments in Western and Eastern Europe, cash continues to cut itself a lion’s share of the payments pie
Up to one billion francs’s worth of 1970s-era bank notes are nearing their cutoff date, when they will unceremoniously make the switch from reserve currency to antique wallpaper as their value is wiped out unless the Swiss government intervenes.
From ATMmarketplace.com VakifBank, the seventh largest bank in Turkey, is expanding the functionality of its self-service channel with software and cash-recycling systems from Diebold Nixdorf. The company will assist VakifBank to upgrade 400 ATMs to improve cash processing efficiency and streamline
While there has been speculation that cash will become obsolete, a Cardtronics study finds that cash is alive and well, and leading the way for some payment categories.
Despite the growth in alternatives such as debit and credit cards, Canadians still use cash to process more than half of all transactions, the Bank of Canada calculates.