Despite the Hype, Cardholders Still Rely on Cash & Account Access The truth is people love convenience and reliable payment options. While many reports talk about the decline of cash and, consequently, ATMs…the truth is quite the reverse.
Consumer expectations of financial institutions have never been higher. Cash in circulation is increasing and continues to be the primary source for around 90% of global payments. This is accelerating consumer’s demand for fast, secure and convenient access to cash.
The volume of cash around the world is actually rising, not falling. At the same time, the need for greater cost-efficiency in banking operations is also rising as competition heats up and profit margins narrow. Given these conditions, bank management