The share of cash in 2016 accounted for 12.6 percent of GDP and the forecast includes the share being 11.2 percent by 2021; while new forms of payments are being adopted and card payments still used widely, cash will still play an important role; a few of the main reasons for continued cash usage is people prefer to use cash for small transactions, 27 percent of U.S. consumers are unbanked and fraud has become more widespread which can cause people to use cash more. Source.
A new report by the global security firm G4S says that demand for cash is increasing, growing from 8.1 percent to 9.6 percent relative to GDP since 2011; reasons for the rise include cash cannot be hacked, it’s easy to use, confidential and more. Source.
Digital and contactless payments are accelerating during the pandemic which leaves cash in a precarious position; cash is still being...
Around the world cash usage is on the decline as governments from India to Kenya to Sweden promote cashless payments...
CashBack+ is a suite of products letting shoppers earn cash back on their purchases. The white-label offering is from New York-based Prizeout, whose technology integrates with credit unions' online banking systems.
As digital finance continued to grow retailers started to experiment with the idea of cashless stores; the idea was met...
Prism Data’s CashScore v3 is the first version that utilizes anonymized, consumer-permissioned open banking data to provide a clearer view of actual credit risk.
With Fund III, Cathay Innovation launches what will surely be one of the largest multi-stage VC funds to emerge from Europe.
·
Fintech investor Simon Wu discusses the rising popularity of the secondary exit strategy, and staying disciplined amid the AI frenzy...
"Given our expectations for growth in these new technologies, I think we're going to see some spectacular returns," the Ark Invest CEO told CNBC's "Capital Connection."