Consumers have increasingly stopped carrying cash. Businesses are trying to get them to start. As The Wall Street Journal reported Sunday (Oct. 15), merchants are now offering discounts for paying for cash as a way to avoid credit card transaction fees. The report, citing data from...
High inflation in Japan has had an unintended victim: the piggy bank. As the Financial Times (FT) noted Monday (July 10) in a report on that country’s declining cash use, Japanese parents would traditionally set aside 500-yen coins from their change and place them in...
Green Dot Network is focusing on unbanked consumers who pay bills in cash. The bank holding company announced in a Tuesday (Feb. 21) press release it has expanded its list of partners to include companies that focus on “underserved minority groups that tend to be...
The European Central Bank (ECB) has reaffirmed its commitment to maintaining a euro cash system. Commenting on a December ECB study on the payment attitudes of consumers in the euro area in a Monday (Feb. 6) blog post, the regional bank noted that cash remains...
Nigeria’s switchover to new paper currency has grown more chaotic. ATMs in Africa’s largest economy have run out of new notes, Bloomberg News reported Saturday (Feb. 4), ahead of a deadline that will ban high-value currency. According to the report, hundreds of people were left...
The conventional wisdom is that the shift to digital payments has led us all away from cash. Jamison Jaworski, GM-SVP of retail and Green Dot Network at Green Dot, and Nicole Haskins, vice president, electronic billing and payment solutions and innovations at Paymentus, told PYMNTS...
Nigeria’s central bank has pushed back the deadline for taking old banknotes out of circulation. In a statement issued on Sunday (Jan. 29), Central Bank of Nigeria (CBN) Governor Godwin Emefiele said the deadline for exchanging old naira banknotes for newer redesigned bills has been...
Paymentus says it is making it easier for billers to accept cash payments. The electronic bill-pay company has expanded the cash payment capabilities on its instant payment network, Paymentus said in a Thursday (Jan. 19) news release provided to PYMNTS. Powered by the Green Dot...
Leading up to final approval, payments-related aspects of Italy’s 2023 budget were hotly debated. One of those debates ended up with the government backtracking on an initial proposal to ditch fines for merchants that don’t accept card payments under €60 following heavy backlash, proposing instead...
