Category: End of Cash

Wir alle lieben Bargeld, für jetzt.

No other nation in Europe likes paying with Bargeld as much as Germans do.  According to a report by Barkow consulting, only around 5% of transactions in Germany are made by credit card. On average, each German keeps €2200 cash at home. Typically, Germans carried €103 in their wallets in 2016, compared to €65 for […]

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Cash is alive and kicking

While there has been speculation that we will soon be witnessing the “death of cash”, a Cardtronics study finds that cash is alive and well, and leading the way for some payment categories. Cash has an important place in the wallets and minds of Americans and is even leading the way in some methods of […]

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Cash is still King, eh!

The Canadian Payment Methods and Trends (CPMT) report published in November revealed that Canadians still vastly prefer cash over other forms of payment. However, use of cash is slowing as demands for speed, convenience and loyalty programmes at merchants make themselves felt. In 2015 the payments market grew to 20.9 billion transactions, worth more than […]

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Australian banks call to scrap the avocado.

They are not something you see in your wallet every day, but the vividly coloured Australian $100 note, sometimes known as the ‘avocado’ may be scrapped if the Reserve Bank of Australia heeds calls from analysts. “Removing large denomination notes in Australia would be good for the economy and good for the banks,” UBS analysts […]

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Swedish Central Bank demands access to cash.

Sweden’s death of cash might be some time away. The Governor of the Swedish Riksbank today issued a statement that the availability of cash should be a legal right in Sweden. Stefan Ingves went on to say that banks have reduced their cash handling services too quickly. This has led to a lack of availability […]

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South Korea to go cashless in four years.

The Bank of Korea is planning to implement a cashless economy by 2020. In 2014 the Bank of Korea issued an average of 7.3% less banknotes (across 1000, 5000 and 10000 Won denominations). As large technology providers occupy the payment space, services such as Apple Pay, Samsung Pay and the forthcoming LG Pay, it is […]

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