Cash plays an outsized role in Mexico’s economy. Whether it’s a convenience store, a restaurant or an online marketplace, when it comes to running a business in Mexico, accepting cash is not an option, but a necessity for survival. And that’s a lesson major...
Cloud invoicing company Invoice Cloud announced Thursday (Jan. 25) that it will be accommodating customers who want to pay with cash through a new partnership with payments company PayNearMe. In a press release, Invoice Cloud said thePayNearMe collaboration will mean customers can pay their bills with...
More than $3 trillion in cash is used to make purchases across the Americas every year — even as digital payment methods continue to advance. The latest Global Cash Index: Americas Edition includes 200-plus data points that show cash usage on the rise in the...
Cash’s role in commerce dates back to 600 B.C. and, given its centuries-old influence in commerce, it’s no wonder it still thrives in today’s global economies — even as competition from new payment methods has started to emerge. But are these new payment tools beginning...
Despite broader adoption of newer payment methods, PYMNTS’ research finds that Spaniards are still committed to spending over €254 billion in cash annually — and mostly on everyday purchases. The latest PYMNTS Global Cash Index™, a Cardtronics collaboration, looks at the state of cash usage...
Some habits die hard. And, when it comes to the cold, hard stuff, Spaniards are less than willing to give up on their payment of choice. One of the biggest contributors to the high cash usage in Spain is the country’s large rural population. Rural...
A Florida man caused roughly $5,000 in damages to an ATM at a Wells Fargo bank branch in Cocoa, Florida after it dispensed too much money. The Associated Press reported that 23-year-old Michael Joseph Oleksik was arrested after damaging the ATM, and was later charged...
Geld stinkt nicht Germany might be an economic powerhouse, its citizens are rather old fashioned but when it comes to payment preferences — and happily so. According to research inside the new PYMNTS Global Cash Index™ Germany Analysis, the country has a cash share of...
British banknotes are practically royalty. According to research in the new PYMNTS Global Cash Index™ U.K. Analysis, physical currency is still king (and queen) of payments. And, in the land of contactless payments, its overall use is even climbing. Victoria Cleland, director of banknotes for...
