The intensifying U.S. trade war with China has triggered an economic slowdown and cash shortage, with Chinese businesses forced to accept IOUs, The New York Times reported on Wednesday (Aug. 7). Known as commercial acceptance bills, the IOUs have topped $200 billion, up more than...
Indian consumers may be suffering amid a cash shortage in the country, but two winners appear to be Visa and Mastercard. According to a report by Bloomberg, Visa and Mastercard are expected to see an increase in transactions and new cardholders due to the decision by...
March 22, 2023
A cash shortage in Nigeria has made the country’s digital currency much more popular. The value of eNaria transactions has jumped 63% to 22 billion naira ($47.7 million), the head of the country’s central bank told reporters Wednesday (March 22) “The eNaira has emerged as the electronic payment channel of choice for financial inclusion and […]
August 07, 2019
The intensifying U.S. trade war with China has triggered an economic slowdown and cash shortage, with Chinese businesses forced to accept IOUs, The New York Times reported on Wednesday (Aug....
November 24, 2016
Indian consumers may be suffering amid a cash shortage in the country, but two winners appear to be Visa and Mastercard. According to a report by Bloomberg, Visa and Mastercard are...
