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...
In Africa, small to mid-sized enterprises are an engine of the overall economy. As noted on the International Trade Centre’s website, more than 70 percent of Africans work for small firms with fewer than 20 employees. With expanded payments options, these merchants can more nimbly...
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...
June 14, 2018
When Yuval Brisker landed in Tel Aviv for a family function, he didn’t have time to stop at a bank and exchange money before hopping in a taxi. At the end of the ride, neither the driver nor the rider wanted to be responsible for giving, receiving or holding onto the kind of personal information […]
February 14, 2018
Cash plays an outsized role in Mexico’s economy. Whether it’s a convenience store, a restaurant or an online marketplace, when it comes to running a business in Mexico, accepting...
November 30, 2017
British banknotes are practically royalty. According to research in the new PYMNTS Global Cash Index™ U.K. Analysis, physical currency is still king (and queen) of payments. And, in the land...
November 29, 2017
When it comes to payment usage in the U.K., cash is as close to British royalty as payments get — and not just because Queen Elizabeth appears on the country’s banknotes....
September 11, 2018
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 online technologies. However, like other Middle Eastern countries, Turkey has […]
April 27, 2017
Often when cash is covered, its gradual decline is written off as an obituary. A recent ING study, for instance, concluded that consumers in Europe, the U.S. and Australia are fast...
April 04, 2017
Mobile payments might be all the rage in Europe, but they are seemingly far from replacing good old cash. In fact, when it comes to picking a payment method, most European consumers...
November 14, 2016
Time and time again, we’ve heard the forecasts and predictions that cash is on its way out. Though it’s easy to believe that, with all of the payment innovation and...
