Anyone born into the Millennial generation is likely walking around with a very slim wallet, if any at all, and most likely has a strong aversion to anything that may increase their debt. It’s a bit of a problem for
The global cashless movement has reached Washington, where a growing number of fast-casual and other establishments are saying no to greenbacks in favor of plastic and mobile payments. Sweetgreen, the national salad chain, went cashless in most of its locations
As a growing number of restaurants in Washington D.C. have decided to go cashless, some lawmakers have introduced a bill that would require retailers to accept cash. According to The Washington Post, the bill is in response to several cashless establishments
It may no longer be the case that cash is king on a global stage but, in some markets (particularly developing markets, like India), it’s still doing quite well — as consumers are spending trillions of dollars’ worth of it a year. Digital is making inroads
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
Americans who travel to China will find one thing somewhat unusual: In restaurants, stores and markets, people will take out their phones instead of credit cards when they’re ready to pay.
Visa says its service is “close to normal” again following a system failure which left customers across Europe unable to make some purchases. The company apologised and said it had no reason to believe the hardware failure was down to
Bill Gates would bet against bitcoin if there was a simple way to do so, CNBC reported. “As an asset class, you’re not producing anything and so you shouldn’t expect it to go up,” Gates said. “It’s kind of a pure ‘greater
Not so fast with banning cash — that’s one of the messages coming out of the payments and food service world this month. Though variations of it have been heard for years, the newest iteration of the cash-is-dying idea provides
Make no mistake: While plastic is important, cash is, was, and always will be a key component in the profitability of convenience stores.