ATM machine companies in India are warning that they will have to shutter as many as half of India’s cash machines because of new regulations, reported the Financial Times. According to a report in the Financial Times, citing the Confederation of ATM Industry (CATMi), the...
Lawmakers in New Jersey have passed a bill to ban stores from going cashless. According to Chain Store Age, the legislation requiring all brick-and-mortar retailers to accept cash was unanimously approved by the N.J. Senate Commerce Committee. The bill, which is set to go before...
As the saying goes in the investment community, “cash is king.” Generally speaking, the saying is one that applies to cash flow, and where the accrual of dollars and cents to corporate coffers means that firms have ample firepower to weather downturns and act strategically...
Viamericas, the money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the United States, on Wednesday (Oct. 17) launched the Mastercard Cash Pick-Up cash disbursement service. In a press release, Mastercard said that during the...
The prototype for the first-ever U.S. cent is being auctioned off for what Barron’s reported is around $1 million — or 100 million times it value. According to Barron’s, the first penny auction will happen later in October and is being handled by Stack’s Bowers...
Cash purchases in the U.K. fell 1 percent last year, and now account for just 22 percent of purchases in the country. Data from the British Retail Consortium (BRC) showed that there were almost 20 billion retail transactions over the year in the U.K. — that’s...
Despite digital options, consumers in the Middle East and South Africa still have their hearts (and wallets) set on cash. In fact, cash use in the region is projected to reach $1.4 trillion by 2021, creating an uphill battle for digital challengers. The latest Global...
Digital financial services are looking at an uphill climb in beating cash use in countries like Turkey, despite the undeniable growth of digital payment methods and mobile apps. More than half of Turkey’s population is under 30, making them highly likely to experiment with newer...
Despite the influx of mobile banking and payment options, plastic card use, and a focus on financial infrastructure, cash remains heavily cemented in the Middle Eastern and African economies. Reliance on cash is particularly ingrained in the unbanked and rural populations of these regions, with...
