BRAC Bank has debuted its Real-Time Cash Deposit Machine to let customers deposit cash any time, a company press release says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins...
Despite the drive for digital payments in Nigeria, cash is still king, with circulation hitting record numbers in October against a backdrop of officials pushing for cashless transactions and control of the country’s money supply, Bloomberg reported on Monday (Dec. 6). Get the Full Story...
New York City has leveled tens of thousands of dollars in fines so far on businesses not taking payments in cash, a New York Post report says. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all...
Card acceptance in South Africa has doubled over the last six years. That’s the good news. The bad news is that moving card acceptance from 5% to 10% of all merchants means that 5.5 million merchants still take only cash, despite a significantly high (about...
Venmo on Wednesday (Sept. 29) announced an all-day cash giveaway in partnership with Grammy-nominated rapper Jack Harlow called the #VenmoU Cash Drop. Get the Full Story Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional...
If the great digital shift has upended the ways in which consumers buy and receive goods, it’s also highlighted friction inherent in the way businesses themselves go about getting those goods and services to market. And the one thing that underpins commerce – no matter...
The People’s Bank of China (PBOC) is looking to close the widening digital divide and has warned merchants that they must accept cash or face disciplinary action, Reuters reported on Tuesday (Dec. 15). Get the Full Story Complete the form to unlock this article and...
Nonfinancial corporations are sitting on a record amount of cash assets, hitting a record $2.1 trillion at the end of June, up 30 percent over 2019, The Wall Street Journal reported on Friday (Dec. 4), citing a Moody’s report. Get the Full Story Complete the...
While its imminent death has been long forecast, cash just keeps on living to pay another day. Cash may not be king in the U.S. market anymore, but reports of its demise have often proved to be a bit premature. U.S. consumers’ cash use has...
