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John Winchcombe

15 Sept. 2021

2 min read

Cash at the Post Office

The Post Office in the UK is playing an increasing important role in providing cash services to communities. It now provides cash services for over 30 banks and building societies as part of a Banking Framework. Customers can withdraw or deposit cash at any of the 11,500 Post Office branches.

Cash Usage

John Winchcombe

13 Sept. 2021

3 min read

DNB Quick Guide to CBDCs

In April 2020 Harro Boven and Peter Wieters published a Dutch National Bank (DNB) Occasional Study on the objectives, pre-conditions and design choices for Central Bank Digital Currencies (CBDCs). Harro wrote an abridged version that was used in Payers December publication about CBDCs which is summarised here.

Digital CN

John Winchcombe

13 Sept. 2021

9 min read

Legal Aspects of CBDCs: Central Bank and Monetary Law Considerations

This paper opens asking three questions from a legal perspective; Do central banks (CBs) have the authority to issue digital currency? Can Central Bank Digital Currencies (CBDCs) be real ‘currency’? Should digital currency be legal tender?

Digital CN

John Winchcombe

9 Sept. 2021

9 min read

Central Bank Digital Currency: A Review of Bank of Canada Papers

This year the Bank of Canada has published 9 staff analytical notes and staff working papers discussing Central Bank Digital Currencies (CBDCs). As the most recent paper says, as a contingency the Bank of Canada is looking to build its capability to issue a cash-like retail denominated CBDC.

Digital CN

John Winchcombe

2 Sept. 2021

5 min read

A Busy Month for CBDCs

On 12th October the European Central Bank (ECB) opened a public consultation on the creation of a Digital Euro, a Central Bank Digital Currencies (CBDCs). The logic is that the increased usage of digital payments may mean that a Digital Euro is needed to safeguard citizens.

Digital CN

John Winchcombe

30 Aug. 2021

2 min read

A Call for Digital Standards

The Institute of Electrical and Electronics Engineers (IEEE) has called for a ‘digital Bretton Woods’ to set standards for digital currency and trade systems. Its call comes in the context of today’s digital platforms that handle more than just finance, but trade, tax and audits, and it does this across borders.

CBDC Digital Payments News

John Winchcombe

26 Aug. 2021

3 min read

Financial Inclusion – Harder than it Looks

Peterson K Ozili has written about financial inclusion and why it is harder than it looks. Many of the barriers are within the control of governments to remove by investment and subsidies. Others, the cultural, social and income barriers are a much more significant challenge.

Cash Management Digital Payments Future of Cash

John Winchcombe

26 Aug. 2021

2 min read

Financial Education – Teaching the Value of Money

There have been a number of articles this year about financial products targeting children with the aim of teaching them to save, spend and think about money ready for when they are adults.

Cash Usage Future of Cash

John Winchcombe

26 Aug. 2021

4 min read

The Power of the Assumptive Close

The Economist Intelligence Unit has issued a paper, ‘Going Digital. Payments in the Post-Covid World’. It is interesting both for what it says and how it says it.

Apps COVID Digital Payments

John Winchcombe

26 Aug. 2021

5 min read

Country Profile: Rwanda

Rwanda is a relatively small land-locked African country in the Great Rift Valley bordering Uganda, Tanzania, Burundi and the Democratic Republic of the Congo. It is the most densely populated mainland African country with a young, mainly rural population numbering 12.6 million.

Country Profile

John Winchcombe

24 Aug. 2021

4 min read

Payment News

aRussia’s second largest bank, VTB, has been working on tools to identify the optimum location for bank branches and ATMs. It has used a wide range of parameters, over 5,000, to calculate how to reach the most customers and generate the most sales from a new location.

ATMs Cards News

John Winchcombe

24 Aug. 2021

2 min read

Card Fees Rise Despite Interchange Fee Caps

CSMPI’s latest Insight magazine reports on card fee changes in 2021 around the world. It suggests that each tweak in the fees may appear small but, overall, the additional revenue is likely to be over $1.1 billion in the US alone.

Cards

John Winchcombe

24 Aug. 2021

4 min read

Round-Up of CBDC News

The Bank of Korea is investigating adjustments needed in the payment system if CBDCs are launched. The Kakao consortium and two tech affiliates of the Samsung Group are to run a pilot programme for issuing and distributing CBDCs and looking at transferring money and remittances between countries.

CBDC News

John Winchcombe

24 Aug. 2021

2 min read

CBDC Conferences Gather Momentum

Following the Digital Monetary Institute’s (DMI) CBDC conference in April this year and the announcement of ‘The CBDC Conference’ 3-6 October 2021, there is now a rush to hold CBDC dedicated events.

CBDC Events

John Winchcombe

24 Aug. 2021

4 min read

ESTA Reports on Own Vision for Cash

As an initial member of the European Retail Payment Board (ERPB) working group, the European Security and Transport Association (ESTA), supported by other organisations, sought to foster debate on a number of issues relevant to ‘obstacles to cash acceptance’, a topic being investigated by the ERPB and about which it had issued a questionnaire.

Cash Usage Future of Cash

John Winchcombe

24 Aug. 2021

4 min read

Overview of the Carbon Footprint of Cash in the UK

LINK, who run the UK’s main shared interbank network of cash machines, has commissioned a report to look at how the UK’s cash distribution industry can reduce its carbon footprint.

Cash Management CIT Free Free

John Winchcombe

24 Aug. 2021

5 min read

Changing Cash in Circulation in Italy

The Banca d’Italia (BdI) issued a technical paper in July analysing 20 years of cash data to understand cash circulation, important to a central bank for planning cash production and its monetary policy implementation framework.

Cash in Circulation Country Profile

John Winchcombe

24 Aug. 2021

4 min read

News in Brief

The Federal Reserve Bank of Kansas City has gone public encouraging people to use coins and to return them into the cash cycle. After the coin hiatus last year, which saw the formation of the Coin Taskforce and limits on the issue of coins to retailers and institutions, the situation had eased with the limits lifted and normal service resuming.

ATMs Bank Branch Coins

John Winchcombe

10 Aug. 2021

3 min read

Digital Payments - and the Last Mile to the Unbanked

The Federal Reserve Board (FRB) of Atlanta has published an article by Oz Shy, ‘Digital Currency, Digital Payments, and the ‘last mile’ to the unbanked.’ As the number of cashless locations increases, the article considers what stops people going digital and looks at policy options in response.

Bank Branch Cards Cash Usage

John Winchcombe

3 Aug. 2021

3 min read

ESTA Offer the ERPB an Alternative Perspective on Cash

The European Retail Payment Board (ERPB) issued a questionnaire about acceptance and access to cash in April 2021. In mid-April the European Secure Transportation Association (ESTA) withdrew from the ERPB working group on the basis that the ERPB’s investigation about cash usage was too narrow.

Cash Usage Future of Cash

Latest News

Cash at the Post Office

DNB Quick Guide to CBDCs

Legal Aspects of CBDCs: Central Bank and Monetary Law Considerations

Central Bank Digital Currency: A Review of Bank of Canada Papers

A Busy Month for CBDCs

A Call for Digital Standards

Financial Inclusion – Harder than it Looks

Financial Education – Teaching the Value of Money

The Power of the Assumptive Close

Country Profile: Rwanda

Payment News

Card Fees Rise Despite Interchange Fee Caps

Round-Up of CBDC News

CBDC Conferences Gather Momentum

ESTA Reports on Own Vision for Cash

Overview of the Carbon Footprint of Cash in the UK

Changing Cash in Circulation in Italy

News in Brief

Digital Payments - and the Last Mile to the Unbanked

ESTA Offer the ERPB an Alternative Perspective on Cash

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