(source: en.wikipedia.org)
When it comes to smartphone penetration in Africa, South Africa leads the way. Yet mobile payments are failing to catch on. In South Africa, 37 percent of the country’s 55 million citizens have access to smartphones, however, using their phone to make payments isn’t their...
Cash may be ageless, but its relationship with consumers has changed tremendously. In 1967, consumers could only access cash through over-the-counter (OTC) withdrawals. The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes...
In Japan, might security companies — you know, the kind in armored trucks that lug money around — get a boost from society’s yen for yen? Bloomberg News notes that the current environment of “ultra” low interest rates, marching in lockstep with a fondness for hard currency in the form of...
The Asia Pacific region seems to have a voracious appetite for cash — $8.1 trillion of which will be spent by 2020, according to the latest PYMNTS’ Global Cash Index™ Asia Pacific Analysis. Two massive economies — China and India — keep physical currency in...
Even as some countries move away from physical currency in favor of more modern payment methods, demand in larger nations means the Asia-Pacific region is still clinging to cash. With China and India driving economic growth, countries in the Asia-Pacific region are estimated to spend...
Cash is not dead, but is alive, well and maybe even gathering some momentum. In a webinar with Cardtronics execs Tom Pierce, CMO, and Brian Bailey, Managing Director for Global Financial Institutions, PYMNTS’ Karen Webster dug into the stats that show healthy spend of the...
When it comes to paying for purchases in Indonesia — even those made online — cash is still king. According to eMarketer, cash on delivery was still the payment method used for nearly two-thirds (65.3 percent) of digital purchases in Indonesia in February 2017. Credit...
The ATM Industry Association (ATMIA) has spoken out against the efforts of the anti-cash lobby. ATMIA recently presented the results of a global research study written by Agis Consulting, which highlights the role cash and ATMs play in financial inclusivity and enfranchisement for some two...
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 moving away from cash toward alternate forms of payment. The study came to its conclusion...