Cashless Economy
Why Cashless Economy means social exclusion The Indian Digital Currency wants to put an end to Cash How Nigera's ATM failures is helping Cashless Two Chinese Banks turn all Cashless Why Cashless Welfare can be very wrong 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
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The Indian Digital Currency wants to put an end to Cash

The Indian Digital Currency wants to put an end to Cash

Countries

At the Union Budget, Finance Minister Nirmala Sitharaman announced that the government was considering introducing its very own Central Bank Digital Currency (CBDC), or in the case of India, a digital rupee, by the year 2023. For most observers, the announcement seemed to be a bouncer of sorts....
How Nigera's ATM failures is helping Cashless

How Nigera's ATM failures is helping Cashless

Countries

Chinedu Nwanze, a father of two, who lives at Ogidi in Idemili North Local Government Area of Anambra State, was excited when ATM was introduced in his neighbouring community, Ogbunike. He was happy as the innovation reduced his frequency of visiting the banking hall for cash transactions, not...
Two Chinese Banks turn all Cashless

Two Chinese Banks turn all Cashless

Breaking News

China has taken two steps closer to a fully cashless economy after two small private Chinese banks announced last month that they would end services related to bank notes and coins, according to a South China Morning Post report Friday (Feb. 4). Beijing-based Zhongguancun Bank will end cash...
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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 Relying on Cash is still so important

Why Relying on Cash is still so important
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....

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...

Countries

Australia likes Cash again

Australia likes Cash again
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
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...

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...
Banking Security

How Cryptocurrencies and Cashless Economy are weakening people

Inequalities and danger for Freedom: The bitter taste of Cashless Economy

Despite all the payment solutions, Cash is still a rock

Mass Surveillance loves Cashless Society

Have your say

Why Cashless Economy means social exclusion

Why Cashless Economy means social exclusion
The other day I met with an articulate advocate for social justice, equity and diversity. We were to have a coffee, and the advocate suggested a popular venue in Capitol Hill. When I got there, I found the establishment accepted only credit cards or “Apple Pay” but not cash. Without the former,...

Why Cashless Welfare can be very wrong

Why Cashless Welfare can be very wrong
If your income is not fixed but variable, just how do you “budget” that? A salaried worker will get a fixed pay cheque a month but those who do odd jobs such as collecting cans and boxes for recycling can never truly predict how much money they will make a month. I saw some people say that JKM...

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...
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

How Cryptocurrencies and Cashless Economy are weakening people

How Cryptocurrencies and Cashless Economy are weakening people
The rise of digital assets is a revolution in the digital and financial world; for the first time,...

Inequalities and danger for Freedom: The bitter taste of Cashless Economy

Inequalities and danger for Freedom: The bitter taste of Cashless Economy
In the latest chapter in the seemingly never-ending pandemic-fuelled global drama, the introduction...

Despite all the payment solutions, Cash is still a rock

Despite all the payment solutions, Cash is still a rock
Like credit cards in the ‘70s, society’s shift to digital wallets and cryptocurrency has been all...

Mass Surveillance loves Cashless Society

Mass Surveillance loves Cashless Society
Unlike payments made in cash, digital payments carry a lot of meta data, along with being linked to...

Is Liberia becoming a Cashless Society?

Is Liberia becoming a Cashless Society?
Liberia might be lagging behind its counterparts in the sub region and the African continent...

Why your Money is at Risk in a Cashless Economy

Why your Money is at Risk in a Cashless Economy
For various reasons, Zimbabwe has been becoming an increasingly cashless society with every passing...

Bank Run in Russia - Why cash is the best ally in time of crisis

Bank Run in Russia - Why cash is the best ally in time of crisis
The war in Ukraine and subsequent international sanctions have triggered a bank run in Russia. But...

Cashless hurts hard those who live on tips

Cashless hurts hard those who live on tips
Blanca Limon cleaned 11 rooms during a recent shift as a housekeeper at the Hilton San Francisco...

Are you ready for Cashless Society?

Are you ready for Cashless Society?
As the world moves towards becoming a cashless society, not everyone can navigate the shift to...

Cahsless troubles: the San Diego example

Cahsless troubles: the San Diego example
From touchless payment methods to online banking, new forms of technology have been making cashless...
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