47% of consumers prefer to receive cash vs. prepaid cards as gifts 17% prefer a general purpose gift card 13% prefer a retailer-specific gift card BUT 1 in 4 consumers have no preference – a selling opportunity for issuers
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