HSBC names CFO as its new chief – Industry roundup: 18 July
by Graham Buck
Tokenised US Treasurys ʺcould hit US$3bnʺ; Indonesia keeps rates on hold; Klarna mulls US IPO for 2025; ADB, AIIB fund Indian solar power project
Cash Payments at POS
Background
Cash, bank notes and coins, are the oldest payment system and coins were first used some 2,500 years ago. Cash is used for the majority of payments in almost all countries. In Europe in 2008 78% of…
Read more
Southeast Asia is favourite base for diversified supply chains – Industry roundup: 25 June
by Graham Buck
UK Labour government ʺcould borrow more”; BBVA plans German digital bank; Crime spike in cashless Sweden; China presses for lower card fees
Riksbank is ahead of the ECB with interest rate cut – Industry roundup: 9 May
by Graham Buck
South Africa's post-election prospects; Global debt load at record US$315 trillion; CEOs prioritise sustainability; Argentina adds 10,000 peso notes
Cash remains Europe’s most frequently used payment method
by Ben Poole
BearingPoint research also found contactless debit cards are the digital payment method of choice in Europe.
UK cash usage up after prolonged decline – Industry roundup: 7 December
by Graham Buck
Australia and Canada hold rates; Italy and South Korea partner on CBDC; BlackRock expects more volatile era; Japan's major firms upbeat
Nairobi summit assesses climate crisis – Industry roundup: 5 September
by Graham Buck
IMF warning on trade restrictions; New push for digital yuan; Turkey inflation at 58.9%; London fastest in UK to go cashless
India announces end of the 2,000 rupee banknote – Industry roundup: 23 May
by Graham Buck
Bank of Israel hikes rates again; Book claims state-sponsored Libor rigging in 2008; US companies rush to borrow; Study identifies ESG pay boost in US
India may give Visa and Mastercard access to its payments market – Industry roundup: 19 January
by Graham Buck
Bank of America chief promotes ESG; Deutsche Bank's CNY1bn Panda Bond; Saudi J-v targets strategic minerals; Five evolving cybercrime trends
US survey finds most states pro-cashless – Industry roundup: 1 December
by Graham Buck
Oil price projections for 2023; Wider band for China's yuan likely; Binance re-enters Japan via acquisition; Goldman redeploys London traders to Milan
Hong Kong Monetary Authority coin collection programme
by Jack Large
Recirculating coins is a classic ESG win
Can crypto become a viable payment alternative for corporates?
by Laurent Descout , CEO and Co-founder, Neo
May not be the right time for treasurers to look to Bitcoin and its peers as a solution to their payment issues
Future of digitising cash
by Marion Laboure , Macro Strategist, Deutsche Bank
Marion Laboure, Macro Strategist at Deutsche Bank examines the future of digital cash
Digital wallets eclipsed cash globally at POS for first time during COVID
by Ben Poole
An FIS study also found the global e-commerce market grew 19% to US$4.6 trillion and is expected to grow nearly 60% percent by 2024.
Charities and beggars are losing out in UK due to absence of QR codes
by Jack Large
UK needs to adopt general QR code channel to solve charities’ collection problem
Payment systems: cards are only part of the story, you need whole picture locally
by Jack Large
Globally payment cards keep on expanding, but the vital variations are local
Collecting payments: is really about unified commerce NOT just payments
by Jack Large
Make your customers’ journey a pleasure: fit in with how your customers do business AND use all your customer data, THEN focus on reducing costs
Payment cards cost way too much and it’s getting worse (up 5%-16% in 2019)
by Jack Large
The BRC and other UK trade bodies are calling for action to tackle excessive card costs
SIBOS 20: Defining central bank digital currencies is not easy
by Jack Large
No overall agreement as to what CBDCs are and what not; and their impact yet
Central Bank Digital Currencies are definitely coming but when?
by Jack Large
Central banks are experimenting, and DC will come. But will they make a difference to your cash and liquidity management
COVID-19 and the impact on digital payments
by Ben Poole
Two new reports consider the effect that the pandemic is having on cash and payments behaviour.
Pandemic casts shadow over UK Payment Systems Regulator’s annual plan
by Ben Poole
The PSR's annual plan and budget were formulated before the COVID-19 crisis.
Cashless transactions exceed cash in Russia for the first time
by Ben Poole
Share of cashless turnover in 4Q19 is 50.4%, according to Sberbank analysts.
Payment Update: new KPIs and technologies for improved business model
by Jack Large
First measure payment performance and then use the new technologies for new ways of doing business
Short-term outlook good for the cash ‘dinosaur’
by Ben Poole
The prognosis in a new Deutsche Bank report is less positive for plastic bank cards or the primacy of the US dollar.