P.I.T. Exchange – Resilience and Sustainability of Cash in the Cash Cycle

Despite the rapid rise of digital payments, cash remains a critical pillar of the global financial system, especially in regions where digital infrastructure is lacking or financial inclusion is low. The cash ecosystem is complex, involving central banks, commercial banks, cash-in-transit (CIT) companies, and technology providers. It is also facing mounting pressure to adapt due to infrastructure vulnerabilities, economic misalignments, financial exclusion and a need for better crisis preparedness.

At the Currency Conference in Bangkok this May, there was a panel discussion that looked at systemic risk in the cash cycle. Currency Research, the conference organiser, regularly publishes a podcast, P.I.T., and recently had an edition that followed up on the Bangkok panel discussion. It included Scott Forster from the CPT Group, who had been on the original panel, and Ted Devereux, Executive Chairman, Spearpoint Security Group and Executive Chairman of the Asia Cash Management Association (ACMA), as guests (see sidebar for more details). They were talking to Matt Lewis, Vice President for Currency Research in the Asia Pacific region ¹.