In recent years, cashless payment methods around the world have become increasingly prevalent. Nevertheless, demand for cash, as proxied by cash in circulation in terms of the amount and nominal GDP, has been solid and even rising in many economies.
LONDON: Many Arabs have an accurate view of the size of Japan’s economy, a recent poll by ArabNews and YouGov has discovered, but many also underestimate the country’s reliance on cash, revealing the paradox that lies at the root of
Modern finance requires a lot of trust, and its digital future will demand still more. If, for example, electronic payments are to replace cash, people must be willing to believe that the bits of data traveling among phones, cards, terminals
The value of cash money in Romania doubled during the last five years, over pacing the growth rate of bank accounts and of spending, suggesting a spreading “money under the mattress” phenomenon that could be associated with lack of trust
Currency in circulation is growing in the US. “The amount of currency in circulation has increased steadily for at least the past 20 years” says the report. As of December 2018, there were over 43 billion notes worth over $1.67
Trump said he carries a wad of cash in his back pocket so he can leave tips. He said he keeps the bills ready because he hasn’t “had to use a credit card in a long time” so there’s no need to
HAVING your own private cash machine would be pretty handy, and apparently there is one person in the UK who has such a luxury – the Queen. Royal fans are set to get a closer look inside the 93-year-old’s London abode,
Many of us in the payments world have heard about the imminent demise of cash. But to borrow a quote from Monty Python and the Holy Grail, “I’m not dead yet” If cash could talk I think it would say
A study published by Hiroshi Fujiki and Kiyotaka Nakashima entitled Cash Usage Trends in Japan: Evidence Using Aggregate and Household Survey Data finds that the decrease in cash demand due to the increase of credit cards in both day-to-day transactions and regular
MANILA, Philippines — The committee on banks and financial intermediaries of the House of Representatives is set to look into the looming increase in fees for bank transactions done through automated teller machines (ATMs). Makati City Rep. Luis Campos Jr.