CashEssentials

Cash remains vital in Germany despite declining usage. A @bundesbank study reveals its importance for reliability, inclusion, and education. While digital payments rise, cash's unique benefits ensure its continued relevance. cashessentials.org/germany-the-ro…

Despite digital payment advancements, cash remains essential for many globally, preferred even where its use is minimal. It serves as a precaution, store of value, and is crucial during crises. cashessentials.org/impacts-of-rec…

On April 28, in Spain and Portugal, a massive electrical outage plunged 55 M people into a pre-electric age. It had significant impacts on digital payments and cash demand, highlighting the vulnerabilities of payment systems during infrastructure failures. bit.ly/44pkXwb

While the media frequently report on ATM closures in mature economies, the industry is experiencing a surge of innovation. Driven by evolving consumers needs, the ATM landscape is transforming to enhance accessibility, convenience, and security. bit.ly/4iKcYgy

Cash: A Basic Right We Must Preserve. Beyond technicalities, cash serves as a unifying force in society that should not be underestimated. cashessentials.org/cash-a-basic-r…

A new @bundesbank paper delves into the true costs of payments and shows that while cash is cost-effective per transaction, debit cards are economical relative to transaction amounts and credit cards are the most expensive. cashessentials.org/publication/un…

In an era marked by uncertainty, the future of cash is at a critical juncture. As digital payments evolve, the role of cash is being redefined. The focus should not merely be on adapting but on reshaping cash to ensure resilience for the challenges ahead. bit.ly/3EyuR40

@TheOfficialSBI Stay calm. use cash.

We are also facing intermittent issues in UPI and working with NPCI for an early resolution. We will keep you updated.

The Spanish Congress hosted the conference "Financial Inclusion : Cash as a Safe and Sustainable Solution," organized by @DenariaFinance. The event discussed regulations restricting cash use and implications for the economy and national security. bit.ly/3Eri4jI

Balancing Digital Payments & Access to Cash! 📱💸 As digital payments surge, the need for cash remains crucial for financial inclusion and stability. Discover how governments worldwide are safeguarding access to cash in the digital age. 🌍🔒 cashessentials.org/publication/ba…

US: Counterfeit Cash Crackdown The volume of counterfeit U.S. currency in circulation is surprisingly low: 💵$15 million estimated in circulation 💵1 in 80,000 genuine notes is counterfeit High-security banknotes and public education are game-changers. cashessentials.org/publication/us…

The @bundesbank explores access to cash Germany, highlighting challenges and trends in maintaining a robust infrastructure. Ensuring access to cash is crucial for maintaining financial inclusion and providing a reliable fallback during crises. bit.ly/4iqsQ8Mhttps:/…

The #CashTech Innovation Awards recognize innovations that enhance access to and acceptance of cash; as well as improve the overall efficiency of the cash cycle. Submissions are open! cashessentials.org/the-cashtech-i…

Cash Conundrum: From Australia to Korea, the shift away from cash is stirring debate. While digital convenience reigns, concerns over exclusion, privacy, and security loom large. Is it time to slow down and "Cash Up"? 🤔 bit.ly/3XVVvKu

Illegal crypto ATM operator given four-year prison sentence. ft.com/content/7b8833… via @ft

@154Advisors @WSJ There are probably a few others.

@WSJ “Everyone Hates Pennies”? There’s fact-based reporting for you… @CashEssentials

The penny’s biggest proponent is facing his biggest fight yet. “I knew at that moment that life was going to change dramatically.” on.wsj.com/43gKMhc

E@RBAInfo Governor Michele Bullock highlighted the significant shift in consumer payments, emphasizing the challenges to cash. The RBA is committed to ensure cash remains viable for as long as Australians want or need to use cash. cashessentials.org/ensuring-the-f…

Elsewhere on the Web reviews articles related to cash curated on the web. Bulgaria and Mozambique see cash in circulation increase whereas in the UK cash usage rebounds as shoppers use it to budget. India is halting its move towards a cashless society. cashessentials.org/cash-news-dece…

The Chinese New Year is marked by the tradition of giving red envelopes filled with money, for good luck and prosperity. This leads to a significant surge in cash demand, prompting banks to implement innovative solutions to distribute the red envelopes. bit.ly/4hCiYYz

As we commemorate the liberation of Auschwitz, let us reflect on the stories of resilience. The role of money—whether camp-issued Lagergeld, barter, or smuggled valuables—highlights the resourcefulness and humanity of those who endured the unimaginable. bit.ly/4ayzF56