Card payments surged in the second half of the year as Irish consumers turned to contactless payments on both card and mobile and moved away from cash, a new survey has revealed.
China’s central bank has stepped up action against merchants refusing to accept cash payments, on concerns over financial stability amid a surge in the use of mobile payment systems across the country.
As payment by phone accelerates in China, the reach of the biggest digital corporations are making its banking regulators uneasy. In Chinese cities, paying via the ubiquitous WeChat platform is now so common that vendors often have trouble making change
There has been some more backlash from consumers who want to pay for things with cash but encounter merchants who are migrating to a cashless operations as reported in USA Today. Consumers use cash because they want to or because that
Despite the hype surrounding a cashless society, cash remains firmly entrenched as a payment method and demand for currency is steadily rising. With more than 1.43 trillion U.S notes in circulation, cash accounts for 55 percent of all in-person payments of
Last year, at the start of the summer, the last bank in Dorset seaside resort of Lyme Regis closed. The only way for its 3,600 residents and thousands of tourists to get hold of their money was to join the
The old axiom that people tend to up their spending when paying by card rather than with cash may lie in the recall accuracy of individual consumers, according to research published by the University of Cologne and the Alpen-Adria-Universität Klagenfurt.
If you own a retail store, should you be required to accept cash? That’s what lawmakers in New Jersey hoped to make you do. Until Amazon stepped in. The e-commerce giant, who just opened another of its cashless Amazon Go grocery stores