News | Cash & Payment News

John Winchcombe

4 Dec. 2021

2 min read

Bringing Together an Industry on Sustainability

NatWest is committed to shaping and accelerating the UK’s cash cycle transition to a lower carbon economy. As part of this commitment in September 2020 NatWest brought together 36 organisations to discuss sustainability and the environmental impact of cash.

Sustainability

John Winchcombe

3 Dec. 2021

10 min read

CBDC and Cryptocurrency News

The Deputy Governor of the Bank of Jamaica (BOJ), Natalie Haynes, has put its work on CBDCs in the context of the government’s financial inclusion strategy. The BOJ sees a CBDC as an important tool in allowing people to access financial services and products.

CBDC Digital CN

John Winchcombe

26 Nov. 2021

5 min read

Payment News

The Central Bank of Sri Lanka introduced a national QR code standard for local currency payments in July 2019. Known as LankaQR, 24 payment apps from 21 financial institutions have now been certified for use with the system. The central bank has begun a nationwide rollout of the LankaQR payment system.

News

John Winchcombe

26 Nov. 2021

12 min read

The Transformation in the Use of Cash and Digital Payments during the COVID-19 Pandemic

Last month we reviewed the Bank of Canada’s report on the impact of the second wave of COVID-19 on cash usage in Canada. This month we consider a report using data from four countries, the UK, the US, Spain and Mexico, as well as the EU.

COVID Staff Papers

John Winchcombe

26 Nov. 2021

2 min read

Focus on Data

Kantar, who deals in consumer knowledge and insights, wrote an interesting piece last year about how they can help businesses make the consumer experience better with all the benefits for customer satisfaction that come from it.

Data Analytics

John Winchcombe

26 Nov. 2021

3 min read

Impact of India’s Demonetisation on Output, Welfare and the Shadow Economy

On 8 November 2016 it was announced that from midnight that night the two top denominations in India would no longer be legal tender. These two denominations represented 86% of the cash in circulation. A discussion paper from Monash Business School reviews findings from new modelling of that event that investigated the impact of that action on aggregate output, welfare and the size of the shadow economy in India.

Country Profile

Leeann Shanks

26 Nov. 2021

5 min read

Reducing Cash Impact on Climate Change

With the UK recently hosting the 26th UN Climate Change Conference of the Parties (COP26), companies in the UK cash cycle are thinking about what they can do to play their part.

Future of Cash

Alper Sayin

26 Nov. 2021

3 min read

Cash & Payment Trends from Turkish Perspective

Turkey has a high rate of inflation and household demand for cash has been increasing steadily over the past ten years. The impact of the pandemic was, initially, a decrease in demand because of the shutdowns but, after vaccinations were introduced, demand recovered very quickly.

Country Profile

John Winchcombe

26 Nov. 2021

5 min read

News in Brief

The Dutch National Bank (DNB) spoke at the recent European Cash Cycle seminar (ICCOS) about the McKinsey study commissioned to consider the cash infrastructure the Netherlands will need for the next 10 years. With cash transactions now representing 20% of all transactions, down from 32% pre-pandemic, the Netherlands is preparing for a less cash society.

News

John Winchcombe

26 Nov. 2021

4 min read

The Role of Cash in a Digital World

David Sax, a journalist, has written a book ‘Revenge of the Analog: Real things and why they matter’. He makes an interesting case for analogue products such as banknotes. The digital world has been with us for over 20 years, and it has brought significant benefits, usually related to convenience, choice and cost.

Free Future of Cash Free

John Winchcombe

19 Nov. 2021

2 min read

Trust in Money, Digital or Physical

Prof Dr Julia Pitter spoke at the recent Bundesbank cash symposium about the relationship between people and cash. According to Dr Pitter, a business psychologist at the Internationale Hochschule in Vienna, cash is more than a payment.

Cash Usage Data Analytics

John Winchcombe

13 Nov. 2021

2 min read

DNB’s McKinsey Study Lays Out the Future of Cash

The Dutch National Bank (DNB) spoke at the recent ICCOS seminar about the McKinsey study commissioned to consider the cash infrastructure the Netherlands will need for the next 10 years. With cash transactions having recovered to 20% of transactions, down from 32% pre-pandemic, the Netherlands is preparing for a less cash society.

Country Profile Future of Cash

John Winchcombe

13 Nov. 2021

10 min read

‘CBDC: Motives, Economic Implications and the Research Frontier’ - A Summary

The Bank for International Settlements (BIS) wrote an article for the Annual Review of Economics that laid out work done on Central Bank Digital Currencies (CBDCs) to date. The paper puts CBDCs in context of all payment methods and considers why and how CBDCs are being developed and the challenges central banks are grappling with.

CBDC Digital CN

John Winchcombe

12 Nov. 2021

4 min read

CBDC News

The Monetary Authority of Singapore (MAS) ran a global retail CBDC challenge competition with the results announced at the Singapore Fintech festival. It received 300 submissions from over 50 countries.

CBDC Digital CN

John Winchcombe

12 Nov. 2021

1 min read

BIS Introduces a Note of Caution

The Bank of International Settlements (BIS) has issued a paper ‘What does digital money mean for emerging market and developing economies?’. The paper questions whether stablecoins are the answer to all problems and whether other digital solutions have a role to play.

CBDC Digital CN

John Winchcombe

4 Nov. 2021

2 min read

Risk from Cryptocurrencies Increases

The US Securities and Exchange Commission (SEC) has approved the ProShares Bitcoin futures Exchange Traded Fund (ETF) application, the first cryptocurrency the US financial markets regulator has approved.

Crime

John Winchcombe

4 Nov. 2021

3 min read

CBDCs and Privacy

Whether CBDCs are designed as token- or account-based, regulations such as those governing money laundering and the funding of terrorism mean total anonymity/privacy is not possible. Given that while privacy is highly valued in principle, the public take little to no action to safeguard their privacy in practice, is it so important?

Digital CN Editorial

John Winchcombe

4 Nov. 2021

5 min read

‘Cash: a Roadmap to Sustainability’

With the UN Climate Change conference, COP 26, taking place through early November, we thought it would be appropriate to review the environmental work of stakeholders in the cash industry over the last few years.

Staff Papers

John Winchcombe

4 Nov. 2021

4 min read

Payment News

There are concerns that with the UK’s contactless limit rising to £100, crime is more likely. In addition, the lack of ‘friction’ at the point-of-sale could increase the risk to retailers of unintended losses from consumers who present a card without it registering and then leaving the shop.

News

John Winchcombe

4 Nov. 2021

7 min read

The Future of Cash – A View from the Philadelphia Fed

The future of cash is, without doubt, the most discussed, presented and written about topic in the cash and retail payments industry during the last 10 years. The topic took on a new dimension with the arrival of COVID-19, the effects of which feature in a discussion paper, titled simply ‘The Future of Cash’.

Future of Cash Staff Papers

Latest News

Bringing Together an Industry on Sustainability

CBDC and Cryptocurrency News

Payment News

The Transformation in the Use of Cash and Digital Payments during the COVID-19 Pandemic

Focus on Data

Impact of India’s Demonetisation on Output, Welfare and the Shadow Economy

Reducing Cash Impact on Climate Change

Cash & Payment Trends from Turkish Perspective

News in Brief

The Role of Cash in a Digital World

Trust in Money, Digital or Physical

DNB’s McKinsey Study Lays Out the Future of Cash

‘CBDC: Motives, Economic Implications and the Research Frontier’ - A Summary

CBDC News

BIS Introduces a Note of Caution

Risk from Cryptocurrencies Increases

CBDCs and Privacy

‘Cash: a Roadmap to Sustainability’

Payment News

The Future of Cash – A View from the Philadelphia Fed

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