“People still love cash,” at least in Western Europe, according to the latest PYMNTS Global Cash Index. Although some countries are following anti-cash agendas in efforts to boost mobile payments, there is increasing growth in the use of cash as consumers spend more and populations...
Pundits have been predicting the death of cash for decades – a germ-laden artifact unnecessary in a digital age, according to some. But tell that to a Kenyan with her M-Pesa account who relies on the cash from her village agent to buy food for...
The popular coffee chain is taking in more deposits than some major financial institutions.
Contactless may be on the uptick in the U.K. but cash is still alive and well, despite reports to the contrary. The U.K. edition of the Global Cash IndexTM takes a deep dive into the evolving payment preferences among consumers across the pond and why...
The convenience of credit cards and slimming consumer wallets may suggest that hard cash is slipping away as a preferred method of payment. But appearances can be misleading. At least that’s what Ron Delnevo, executive director of the ATM Industry Association (ATMIA) in Europe, suggests....
Over two-thirds of the British population believes that contactless payment technology might completely replace cash in the U.K. within the next 20 years, a survey has found. The findings emerged in a survey of 2,000 Brits conducted by London & Partners. About 68 percent of...
Slimming consumer wallets could indicate cash is fast disappearing. But is it? With over €2.2 trillion in cash projected to be in use across the EU in 2020 – compared to €2.1 trillion in 2015 – cash is seemingly sticking around. The latest Global Cash...
