Cashless Economy
Cashless India hurts the Economy Will Cash mean anything to new Generations in Gulf Countries? Why Cashless Society has too many drawbacks France refuses Cashless Economy and ensures Access to Cash Going fully Cashless leads to Social Disasters How harmful is India's Cashless Society? Cash or Cashless, that is the Question Why access to cash is so important Banks' strategy leads to cahsless societies Fighting Cashless Economy: What are the options of the US Federal Lawmakers?
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Will Cash mean anything to new Generations in Gulf Countries?

Will Cash mean anything to new Generations in Gulf Countries?

Opinion leaders

the wider Gulf countries growing quickly, how close are we to a fully cashless society? Customers have discovered the wonder and ease in using modern payment cashless methods and can order an Uber, a cup of coffee or food using a card or phone, making coins and notes almost unnecessary. Some...
France refuses Cashless Economy and ensures Access to Cash

France refuses Cashless Economy and ensures Access to Cash

Countries

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?

Countries

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...
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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 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...

Why coin shortage is a big issue

Why coin shortage is a big issue
Afew days ago, I went to the restaurant Lemonade and they had a sign saying “no cash.” The same thing happened to me in McDonalds and the more I look...

Going Cashless in Australia: problems are growing

Going Cashless in Australia: problems are growing
When the Currency (Restrictions on the Use of Cash) Bill 2019 was introduced to Parliament last year, it faced it's fair share of media headlines,...

Countries

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...

Cash under useful protection in the UK

Cash under useful protection in the UK
As society accelerates into its digital future, the UK is taking steps to protect the centuries-old technology known as paper money. Digital payments are rapidly becoming ever more commonplace, so much so that even the world’s central banks are debating whether to issue an electronic form of...

Bangladesh still aims Cashless Economy

Bangladesh still aims Cashless Economy
Prime minister’s ICT Affairs adviser Sajeeb Wazed Joy Wednesday said that the next step of digital Bangladesh is building a cashless society to ensure transparency, accountability and mobility in financial transactions. “The next dream of digital Bangladesh is to make a cashless society. The...

Saudi Arabia aims Cashless Society

Saudi Arabia aims Cashless Society
Youth in Saudi Arabia are using less cash compared to other age groups, a sign that the Kingdom’s plans to create a cashless society is on course. Only 18 percent of Saudis aged between 16 and 22 years use cash, while almost half of people who are 60 and above use cash till date, a report by...
Banking Security

Cashless India hurts the Economy

Will Cash mean anything to new Generations in Gulf Countries?

The future of Cash depends on us

Why Cashless Society has too many drawbacks

Have your say

Cashless India hurts the Economy

Cashless India hurts the Economy
I have been invited to write a comment on the ‘failure’ of the Demonetisation exercise of Prime Minister Modi. True, it was an obvious failure if you judge it by its declared objective of fighting corruption, terrorism funding and tax dodging. Almost all the demonetised banknotes were deposited...

Why Cashless Society has too many drawbacks

Why Cashless Society has too many drawbacks
BUSKERS are back on the streets of Cork city, filling our ears with wonderful music. Beside each of them is usally a wide-brimmed hat or guitar case, into which grateful patrons can drop a few coins to support the musicians. Well, that’s if they have coins or physical money in their wallets and...

Going fully Cashless leads to Social Disasters

Going fully Cashless leads to Social Disasters
When I worked at the Strand, New York’s biggest bookstore, our internet would often go down, making things very inconvenient. After all, a lost connection meant that the credit card machines ceased to work. “We can take cash!” I and other cashiers would holler at our long lines of customers, but...
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

Cashless Lobbying is still very active

Cashless Lobbying is still very active
The International Monetary Fund, the US Treasury, billionaire Bill Gates and major financial...

Cash is a friend of Economic recovery

Cash is a friend of Economic recovery
The world could see truly cashless economies within the next five years, according to some...

The future of Cash depends on us

The future of Cash depends on us
The huge surge in digital transactions during the Covid pandemic has renewed speculation about the...

Mass Surveillance: why China is promoting Cashless Economy

Mass Surveillance: why China is promoting Cashless Economy
China has been developing its Digital Currency Electronic Payment (DCEP), in other words, the...

Cashless Payments and the end of Privacy

Cashless Payments and the end of Privacy
The tech world includes many players, but is dominated by just a few. “GAFAM” is the acronym used...

Cashless is not Harmless: The Floridian example

Cashless is not Harmless: The Floridian example
In an effort to combat going cashless in Florida, Rep. Matt Willhite filed HB 233, or the...

China promotes cashless at the expense of privacy

China promotes cashless at the expense of privacy
China is pushing for its digital yuan to be more widely distributed and for consumers to have more...

Why Cashless is not the solution to all problems

Why Cashless is not the solution to all problems
As governments around the world redesign the financial sector with new infrastructure and digital...

The State of Florida wants to Protect Cash for an Inclusive Economy

The State of Florida wants to Protect Cash for an Inclusive Economy
Stores throughout Florida have many options when it comes to getting paid, from cash, credit, debit...

Why protecting Cash is still so Important

Why protecting Cash is still so Important
Most people will have found they are using cash less these days. We now tap our card, even for...
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