Zimbabwe’s cashless economy has left businesses in the country’s capital, Harare stranded with little or no money coming in as the country gears up for election next Monday July 30. Entrepreneurs like Justine Mulauzi, 42, are hoping the cash crisis
At the 2014 Worldwide Developers Conference (WWDC), Apple CEO Tim Cook announced the launch of the iPhone 6, which would come equipped with Apple Pay — a solution that promised to replace the good, old-fashioned fat wallet. Almost three years
Demonetization was launched in India in an effort to crack down on the nation’s underground economy, boost tax revenues and encourage the transition to a digital banking infrastructure. However, nearly two years after the policy launched in 2016, cash remains
If you listen to the way mobile payments executives talk about cash, the only thing as certain as its death is their reluctance to be the ones accountable for putting that event on any kind of timetable.
All over the western world banks are shutting down cash machines and branches. They are trying to push you into using their digital payments and digital banking infrastructure. Just like Google wants everyone to access and navigate the broader internet via its privately
Although mobile money has become the leading transaction platform in Zimbabwe, its weaknesses came into focus this week after the dominant EcoCash network in Zimbabwe went down for two days, and left many consumer businesses floundering in an already difficult
India, China and their powerhouse Asia-Pacific neighbors boast a massive regional cash economy, with residents spending a total $5.6 trillion in cash in 2016. But with some of the region’s governments demonetizing high-value notes and encouraging the use of digital
The role of cash as an essential tool when digital payments go offline went on display last month when the Visa network in the United Kingdom and Europe experienced a large-scale service disruption. The event on June 2 rendered retail chip and PIN card purchases impossible
As the card and faster payment networks work to convert cash to electronic forms of payment, and as countries such as Sweden look to eradicate cash altogether in their country, efforts are underway to preserve the use of cash as
Old habits die hard. An adage, it stands true for Indians and their long-standing preference for cash. As per recent reports, Indians have, most likely, retrogressed to their old habit of cash payment.