In the U.S., cash isn’t just sticking around — at $2.3T in overall spend, it remains the most commonly used payment method among consumers. The latest Global Cash Index examines more than 240 data points to gauge the factors powering cash’s projected growth in the...
Despite the flurry of new payment options – mobile wallets, wire transfers and credit and debit cards, among others – cash is continuing to sit atop U.S. consumers’ wallets. Based on PYMNTS’ most recent research, the narrative that cash is dead or in decline is...
More than $3 trillion in cash is used to make purchases across the Americas every year — even as digital payment methods continue to advance. The latest Global Cash Index: Americas Edition includes 200-plus data points that show cash usage on the rise in the...
Cash’s role in commerce dates back to 600 B.C. and, given its centuries-old influence in commerce, it’s no wonder it still thrives in today’s global economies — even as competition from new payment methods has started to emerge. But are these new payment tools beginning...
August 29, 2017
According to a new study from PayPal reported by CNBC, consumers in the Asia-Pacific market are aware of the range of digital payment options available to them, but they still prefer to pay with cash. PayPal’s study, which polled some 4,000 consumers across India, China, Hong Kong, Singapore, Thailand, the Philippines and Indonesia, found approximately 57 percent of […]
May 19, 2017
Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With...
April 11, 2017
Empowering payments is all about empowering consumer choice. That means enabling people to pay in-store or online via the payment method that is most convenient for them at any given...
February 10, 2017
From political strife to the Olympics snafu, Brazil’s last decade has been a rollercoaster ride. But there could be hope on the way, with recent political stability, a flourishing startup...
August 01, 2016
Fast-casual restaurant chain Sweetgreen is experimenting with not accepting cash at several of its locations. What started as an experiment back in January may be a move the company decides to stick with. According to The New York Times, Sweetgreen has seen its cash purchases decline to less than 10 percent across its 48 locations […]
