G4S is one of the most important players in the U.K.’s cash ecosystem. Its subsidiary, G4S Cash Solutions, is one of only four companies that participate in the Bank of England’s Note Circulation Scheme (NCS) which provides a framework for the wholesale distribution of cash....
Sept. 30 marks the end of an era for British money as the Bank of England (BoE) will be withdrawing the legal tender status of paper 20-pound and 50-pound banknotes. After this date, businesses will no longer be accepting these banknotes as payment, according to...
During the 70-year reign of Queen Elizabeth II, the currency that bears her face has ridden the ups and downs of the British economy, its crises and depressions, as well as its triumphs and jubilations. Of course, for many Brits, transacting in the coins and...
Since 2019, Israeli businesses and consumers have been subject to a limit on the value of cash transactions. On Aug. 1, that limit is set to decrease from NIS 11,000 ($3,192) to NIS 6,000 ($1,741) for business payments and from NIS 50,000 ($14,510) to NIS...
For many people riding the digital wave, cash might already be a thing of the past. In many parts of Europe, for example, consumer preferences for card and mobile wallet payments have far surpassed physical notes, especially in the north of the continent. In a...
BRAC Bank has debuted its Real-Time Cash Deposit Machine to let customers deposit cash any time, a company press release says. This will reflect “instantly” in their accounts. The report says this machine lets customers instantly deposit cash to BRAC Bank accounts, making it possible...
Despite the drive for digital payments in Nigeria, cash is still king, with circulation hitting record numbers in October against a backdrop of officials pushing for cashless transactions and control of the country’s money supply, Bloomberg reported on Monday (Dec. 6). Africa’s most populous country,...
New York City has leveled tens of thousands of dollars in fines so far on businesses not taking payments in cash, a New York Post report says. The report says the city has fined 23 businesses for such violations – including Van Leeuwen, an ice...
Card acceptance in South Africa has doubled over the last six years. That’s the good news. The bad news is that moving card acceptance from 5% to 10% of all merchants means that 5.5 million merchants still take only cash, despite a significantly high (about...
