Nigeria might be Africa’s largest economy, but when it comes to financial matters, people typically favour cash payments over technology. Despite high mobile penetration, only 6% of the population uses mobile phones to make financial transactions.
The payments mix in the United Kingdom (UK) currently is extremely varied between physical cash and digital transactions. As Banks and Fintechs rapidly expand their portfolio of digital banking products, consumers across all generations are embracing digital innovations that mirror
SIOUX FALLS, SD — The ATM Industry Association has announced its support for initiatives to ban cashless retail businesses in New York City, Washington, DC and Philadelphia, PA. The association reports that at least two states are said to be considering similar
Cash is resilient. Through decades of plastic-based and digital payment innovations, this tried-and-true tender has proven its staying power. However, it’s safe to say that the way consumers view cash and want to use it is very much evolving.
Across the globe, countries are waging a war on cash, with the likes of Sweden and China rapidly transitioning to digital currency as a primary form of payment. While digital currency was started by payment providers and banks to increase corporate profit,
ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times. According to a report in the Financial Times, citing the Confederation of
Lawmakers in New Jersey have passed a bill to ban stores from going cashless. According to Chain Store Age, the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. Senate Commerce Committee. The bill, which is
New Delhi: Cash usage by people of the country went up by around 10% over the last two years starting from October 2016, a study conducted by CMS Info Systems, India’s largest cash management company, said. Cash usage recorded on the