Cashless Economy
Australia likes Cash again  Cashless raises more concerns about Inclusion Nigeria not ready for Cashless Society Not Ready for Cashless: The Indian Example Why Relying on Cash is still so important Why the Use of Cash should be Guaranteed How Cashless Economy Hits the Poor Cashback Without Purchase: An answer to Fight Cashless Lobbying? Cashless India hurts the Economy Will Cash mean anything to new Generations in Gulf Countries?
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Australia likes Cash again

Australia likes Cash again

Countries

Cash withdrawals are trending up across the nation according to recent data from the Reserve Bank of Australia and is laying to rest concerns about the country moving towards a “cashless society”. The total value of cash circulating in the Australian economy has hit record highs of almost $103...
Not Ready for Cashless: The Indian Example

Not Ready for Cashless: The Indian Example

Countries

Credit and Finance for MSMEs: The MSME sector in India accounts for four-fifths of India’s employment sector, 40 per cent of the 6.3 crore Indian MSMEs are involved in exports, and it contributes a whopping 30 per cent to the country’s GDP. Despite showing such promising statistics and importance...
Why Relying on Cash is still so important

Why Relying on Cash is still so important

Opinion leaders

In the midst of Covid there have been many changes in lifestyle patterns and one key element of that change has been the move to use less cash. This was understandable in terms of the concerns surrounding hand-washing as well, of course, as the many related factors of lockdown – security and...
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Breaking News

Banks' strategy leads to cahsless societies

Banks' strategy leads to cahsless societies
Lloyds Banking Group has announced the closure of 48 more bank branches, citing reduced usage as the driving factor. The cuts, which will leave the...

Drivers like to pay Cash

Drivers like to pay Cash
Cash is still the number one option for paying parking fees among drivers, but young drivers prefer to use cards and technology, new research...

Why Cash is Stronger than COVID-19

Why Cash is Stronger than COVID-19
The COVID-19 pandemic has forced Canadians to embrace online shopping and contactless payments, accelerating a shift that’s seen consumers reach more...

London Underground soon all cashless?

London Underground soon all cashless?
Cash payments may not be accepted at Tube stations in the future as Mayor of London Sadiq Khan refuses to rule out withdrawing the option. TfL...

The State of Idaho wants to protect cash

The State of Idaho wants to protect cash
Should Idaho businesses be required to accept cash as payment? That’s the interesting question that could be coming before the Idaho Legislature....

China is using Digital Lotteries to Promote State-Backed Cryptocurrency

China is using Digital Lotteries to Promote State-Backed Cryptocurrency
China is using lotteries to test its new digital currency, DCEP (Digital Currency Electronic Payment). According to a notice from the government of...

Total control: the Chinese way to punish criminal

Total control: the Chinese way to punish criminal
Rather than jail time or hefty fines, China’s justice system is employing a new type of punishment for criminals this year: massive inconvenience....

Coronavirus: cash is more used than ever in Czech Republic

Coronavirus: cash is more used than ever in Czech Republic
The central bank says that the coronavirus crisis has caused Czechs to withdraw more cash from ATMs than usual, Hospodářské noviny reported Monday....

Opinion leaders

Why the Use of Cash should be Guaranteed

Why the Use of Cash should be Guaranteed
Consumer advocates have warned the Government to intervene to ensure that shoppers will always have the option of paying with cash, as contactless...

Will Cash mean anything to new Generations in Gulf Countries?

Will Cash mean anything to new Generations in Gulf Countries?
the wider Gulf countries growing quickly, how close are we to a fully cashless society? Customers have discovered the wonder and ease in using...

Why access to cash is so important

Why access to cash is so important
After a difficult week in Westminster, the loss of Sir David Amess, a beloved and dedicated constituency MP, has really put into perspective the...

Will Africa turn cashless?

Will Africa turn cashless?
While cash is still predominantly used for payments across the African Continent, great strides have been made towards the realisation of the...

The War Against Cash

The War Against Cash
Time is, I fear, running out. Running out, that is, to avoid handing to a small number of multinational corporations our right to buy and sell...

Cash will always be useful according to Jeffrey Goh

Cash will always be useful according to Jeffrey Goh
With increased digitalisation spurred by the Covid-19 pandemic, will cash go the way of the dodo in Singapore? E-payment veteran Jeffrey Goh...

Cashless Economy and the End of Privacy

Cashless Economy and the End of Privacy
Sky News host Cory Bernardi says the move towards a cashless society through the digitsation of money is “the end of what little privacy” we have...

China likes cashless surveillance

China likes cashless surveillance
China is undertaking a huge experiment that could transform the future of money. Through ambitious pilot testing in major cities, the Chinese...

Countries

Cashback Without Purchase: An answer to Fight Cashless Lobbying?

Cashback Without Purchase: An answer to Fight Cashless Lobbying?
The 'Cashback Without Purchase' initiative is already live in around 1,000 stores, but it's being rolled out to a further 1,000 shops by the end of the year. Cash machine network LINK and card payment processor PayPoint are behind the scheme. It comes amid concerns over the decline of free-to-use...

France refuses Cashless Economy and ensures Access to Cash

France refuses Cashless Economy and ensures Access to Cash
Many countries continue their crusade against cash: for instance, Australia plans a nearly complete transition to the digital currency by 2024. Meanwhile, others are following a hybrid path that combines both cash and non-cash payments - and France, with its recent decision, has also chosen this...

How harmful is India's Cashless Society?

How harmful is India's Cashless Society?
The Indian Opposition has slammed Prime Minister Narendra Modi led Central Government for its demonetisation policy which was implemented on November 8, 2016. Political parties blamed the BJP government for the state of the Indian economy and termed the Centre’s demonetisation policy disastrous...

Fighting Cashless Economy: What are the options of the US Federal Lawmakers?

Fighting Cashless Economy: What are the options of the US Federal Lawmakers?
More businesses are moving toward cashless payment options, and some have even stopped accepting cash altogether. But members of Congress are worried about who could be left behind in this digital transition. Some researchers say the pandemic dramatically accelerated this cashless economy...

Will Australia be Cashless in a decade?

Will Australia be Cashless in a decade?
Australia will become fully cashless by 2031 as Covid-19 hastens the death of physical currency, according to most experts surveyed by Finder. The comparison website surveyed 25 experts and 14 - or 56 per cent - said they believed the nation was on track to banish cash in the next decade....

Will Ireland be Cashless?

Will Ireland be Cashless?
The latest data from the Central Bank shows that ATM withdrawals by Irish residents fell by 40% in 2020 compared to the previous year. The data also revealed that the value of ATM withdrawals fell by 32% from the previous year to €14.7bn in 2020. Interestingly, the average amount per withdrawal...
Banking Security

Cashless raises more concerns about Inclusion

Removing ATMs: Why banks are pushing for a cashless society

Why the Use Cash is so resilient

Electronic Payments are not the only option: Cash remains

Have your say

Cashless raises more concerns about Inclusion

Cashless raises more concerns about Inclusion
Sitting behind my computer talking to my mom on my smartphone, I feel grateful for everything technology allows me to do. However, for those living on the streets, technological advances are leaving them in a more vulnerable position. I live in the beautiful city of Paris, and as in many other...

Nigeria not ready for Cashless Society

Nigeria not ready for Cashless Society
THE usual hustle and bustle of the recently-concluded Yuletide season came with the harsh reality of the shortage of cash in Nigerian banks. This was evidenced by the unusually long queues at the ATMs with many of them not being functional, as well as the inundation of banks by customers who...

How Cashless Economy Hits the Poor

How Cashless Economy Hits the Poor
ver the last decade, the number of individuals living in New York City homeless shelters surged as high as 50% at times. The COVID-19 pandemic has had a disproportionate impact on the nation’s homeless population, which is also hit harder by climate change-driven events than any other segment of...
Academic Research

Are Pro-Cashless Studies Reliable?

The Chinese digital currency as a threat to Freedom

Counting cash is part of the Learning Experience for Children

The cashless society from an ethical point of view

The debate about the move towards a cashless society has been at the center of the scene for several years, now. Various angles have been taken by economists, politicians, banking institutions and sociologists. Beyond the technicalities of the debate, lies the question of freedom, of inter-citizen solidarity and of governmental responsibility. The debate cannot remain in the hands of financial specialists, it is first and foremost an ethical, political and societal issue.


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The debate

Removing ATMs: Why banks are pushing for a cashless society

Removing ATMs: Why banks are pushing for a cashless society
  The number of ATMs around the world has fallen rapidly in recent years. What is behind this...

Why the Use Cash is so resilient

Why the Use Cash is so resilient
Last week, I returned from a two-week trip to Europe where I didn’t spend any money at all. Or at...

Electronic Payments are not the only option: Cash remains

Electronic Payments are not the only option: Cash remains
Consumers will continue to be able to use cash and will not be forced to use electronic payments,...

Cash or Cashless: A short 2021 Assessment

Cash or Cashless: A short 2021 Assessment
Is cash still king in 2021? The past couple of years have seen a trend away from cash towards...

Turning Cashless? The COVID-19 excuse

Turning Cashless? The COVID-19 excuse
In December 2010, the Pennsylvania Turnpike Commission (PTC) set out to determine the feasibility...

Cash remains an economic and social Asset

Cash remains an economic and social Asset
The 21st century is already proving to be different. There has been a worldwide push to make...

Why Inclusion is not part of the Cashless Society Agenda

Why Inclusion is not part of the Cashless Society Agenda
As we head into one of the busiest shopping weekends of the year, the issue of how consumers are...

"Euro banknotes are here to stay" says Cristine Lagarde

"Euro banknotes are here to stay" says Cristine Lagarde
“Euro banknotes are here to stay. They are a tangible and visible symbol that we stand together in...

Toward cashless economy: Are cryptocurrencies better than cash?

Toward cashless economy: Are cryptocurrencies better than cash?
The genesis block of the world's first cryptocurrency - Bitcoin - was released in 2009. At that...

New York City Cashless Stores must comply with the law

New York City Cashless Stores must comply with the law
This city rule makes no “cents,” according to Big Apple businesses suffering under a ban on...
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