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