Korea is gearing up to move to a so-called “coinless society,” with the central bank announcing plans to pilot a service in which consumers would get change back from merchants onto a prepaid card. According to a report, the central bank in Korea had been mulling the...
Despite the push toward a cashless society in many countries, residents in Switzerland are still in love with their cash, which is used regularly to purchase all sorts of things, both small and large. According to a report by the Wall Street Journal, the love of cash...
Denmark is following Sweden and Norway and, by the end of December, will stop producing its own currency, opting instead to outsource production to Finland. According to a report by Bloomberg, Denmark’s central bank has stopped printing banknotes and, by the end of December, will have...
Cash is still big in Greece, but could it be headed the way of the ancient drachma (RIP)? According to new PYMNTS.com research, a massive financial crisis and new regulations have wreaked havoc on the state of cash in Greece, with the country’s cash share...
Cash is still big in Greece, but could it be headed the way of the ancient drachma (RIP)? According to new PYMNTS.com research, a massive financial crisis and new regulations have wreaked havoc on the state of cash in Greece, with the country’s cash share...
The country’s decision to discontinue the 500- and 1,000-rupee banknotes earlier this month in an attempt to curb fraud, corruption, illegal tax evasion and illegal cash holdings has actually brought about a rise in money laundering schemes. According to The Wall Street Journal, business owners...
U.K. bank Barclays announced its contactless mobile service on Monday (Nov. 21), enabling customers to withdraw up to £100 in-branch using just their Android mobile device or contactless debit card. After a pilot in the North, Barclays confirmed that service will be rolled out to...
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 new technologies out there, cash would quickly be forgotten, it’s just not the case. In...
Cash is no longer king, and it’s costing businesses $80.6 billion every year. That’s according to the Sage Payments Landscape report on U.S. small and medium businesses. Sage, which is a market leader for integrated accounting, payroll and payments software, released the results of the...
