As the saying goes in the investment community, “cash is king.” Generally speaking, the saying is one that applies to cash flow, and where the accrual of dollars and cents to corporate coffers means that firms have ample firepower to weather downturns and act strategically...
Viamericas, the money transmitter offering international money transfer, bill payment, check processing and top-up services at thousands of agent locations across the United States, on Wednesday (Oct. 17) launched the Mastercard Cash Pick-Up cash disbursement service. In a press release, Mastercard said that during the...
The prototype for the first-ever U.S. cent is being auctioned off for what Barron’s reported is around $1 million — or 100 million times it value. According to Barron’s, the first penny auction will happen later in October and is being handled by Stack’s Bowers...
Cash purchases in the U.K. fell 1 percent last year, and now account for just 22 percent of purchases in the country. Data from the British Retail Consortium (BRC) showed that there were almost 20 billion retail transactions over the year in the U.K. — that’s...
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...
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...
In a way, the deal seems old school. PayPal-owned money transfer operator Xoom said this week that its new agreement with Euronet Worldwide’s Ria will enable Xoom customers to pick up cash remittances from more than 150,000 Ria network locations. Cash, huh? It’s not as...
“Oooh, your kisses, sweeter than honey/ But guess what? So’s my money.” Writing about Aretha in a 2016 profile for The New Yorker, writer David Remnick noted that as she sat readying herself for a performance, she was surrounded by small stacks of hundred-dollar bills. The money,...
