In Australia, cash and card-based payments have long been playing tug-of-war. In 2017, however, the balance seems to be tilting away from cash with contactless card-based payments powering close to a third of POS transactions. So, is this the beginning of the end for cash...
Cash may be ageless, but its relationship with consumers has changed tremendously. In 1967, consumers could only access cash through over-the-counter (OTC) withdrawals. The space changed when Barclays Bank announced the launch of the world’s first ATM machine which could dispense up to ten £1 pound notes...
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 moving away from cash toward alternate forms of payment. The study came to its conclusion...
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 moving away from cash toward alternate forms of payment. The study came to its conclusion on the basis of survey responses collected from 14,692 respondents based in […]
