According to a new study from PayPal reported by CNBC, consumers in the Asia-Pacific market are aware of the range of digital payment options available to them, but they still prefer to pay with cash. PayPal’s study, which polled some 4,000 consumers across India, China, Hong Kong, Singapore,...
Cash and contactless payments in Australia are all up in each other’s grills (er, barbies) over small-value transactions. And, according to the PYMNTS.com Global Cash Index™ Australia Analysis, cash is winning with more than 60 percent of these transactions powered by the cold, hard stuff....
For South African eTailers, accepting cash is not an ‘if,’ but a ‘must.’ According to the latest PYMNTS Global Cash Index™ South Africa Analysis, cash powers over 50 percent of consumer transactions and accounts for 58 percent of GDP. And while the technological infrastructure catches...
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...
August 29, 2017
According to a new study from PayPal reported by CNBC, consumers in the Asia-Pacific market are aware of the range of digital payment options available to them, but they still prefer to pay with cash. PayPal’s study, which polled some 4,000 consumers across India, China, Hong Kong, Singapore, Thailand, the Philippines and Indonesia, found approximately 57 percent of […]
June 27, 2017
Bitcoin — and the technology that enables it — has certainly had a rather fast trip from obscurity to mainstream awareness. In January 2009, the so-called “Genesis Block” came into existence to...
June 19, 2017
While cash is not an unimportant part of life in developed countries, it certainly isn’t central. The vast majority of Americans, 80 percent, carry less than $50 on them at...
May 19, 2017
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...
May 24, 2022
Synapse, the global banking-as-a-service (BaaS) platform, has rolled out a new cash management account product, a press release said Tuesday (May 24). Called Global Cash, it will let residents in 35 countries invest and hold U.S. dollars. The release said this will let FinTechs expand their market reach, simplifying their onboarding of international customers, granting […]
April 27, 2017
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...
April 04, 2017
Mobile payments might be all the rage in Europe, but they are seemingly far from replacing good old cash. In fact, when it comes to picking a payment method, most European consumers...
November 14, 2016
Time and time again, we’ve heard the forecasts and predictions that cash is on its way out. Though it’s easy to believe that, with all of the payment innovation and...
