News | Cash & Payment News

John Winchcombe

25 May 2024

4 min read

Cash Use Stable in Canada

The Bank of Canada carries out regular Methods of Payment surveys to measure payment method adoption, use at the point of sale and perceptions about payment methods. This helps the Bank with its management of banknotes and understanding of digital currencies and may help with its work on a possible CBDC.

Cash Usage

John Winchcombe

21 May 2024

5 min read

SNB: Step by Step Understanding of Wholesale CBDC

The Swiss National Bank, with the Bank for International Settlements (BIS) Swiss innovation hub, is running project Helvetia III, the world’s first issuance of a wholesale CBDC on a regulated third party platform to settle commercial transactions with tokenised assets.

CBDC

John Winchcombe

21 May 2024

3 min read

Cash Sustainability Forum Draws Close

A forum is a meeting where ideas and views on a particular issue can be exchanged, and that is the aim of the Cash Sustainability Forum, providing the opportunity for all stakeholders involved in cash to meet, share, understand and learn.

Events

John Winchcombe

21 May 2024

5 min read

News in Brief

In February A$9.5 billion was withdrawn from ATMs in Australia. This figure is being used by campaigners to argue that it is Australia’s banks, rather than Australia’s people, who are driving cash out.

News

John Winchcombe

21 May 2024

5 min read

CBDC News

Sarah Breeden, Deputy Governor for Financial Stability at the Bank of England, has spoken about a discussion paper to be issued in summer 2024 on tokenised money. It will include feedback on the paper in its work on stablecoin regulation and a possible retail CBDC.

CBDC

Guillaume Lepecq

21 May 2024

5 min read

Conflicts and Geopolitics Reshape the World’s Currencies

Regional conflicts, rampant inflation, national debt crises, and the resurgence of monetary sovereignty are all contributing to the reshaping of the world’s currencies.

Cash in Circulation

John Winchcombe

21 May 2024

5 min read

Payment News

Apple has responded to an antitrust case brought in 2022 in Europe. It is offering to allow iPhone users to make contactless payments using third-party providers.

News

John Winchcombe

21 May 2024

2 min read

Explaining the Corporate Sustainability Reporting Directive

For Europe, the key piece of environmental legislation is the Corporate Sustainability Reporting Directive (CSRD). The European Commission estimates 50,000 companies around the world will be affected, with the first companies having to apply the new rules from as early as 2025, for financial years beginning on or after 1 January 2024.

Sustainability

John Winchcombe

21 May 2024

1 min read

First Speakers Announced for the CBDC Conference 2024

The CBDC Conference take place from 10-12 September in Istanbul. The conference organiser has now published the first tranche of confirmed speakers, 15 of whom are from central banks, as well as the International Monetary Fund.

Events

John Winchcombe

21 May 2024

8 min read

Cash Use – Updates from Around the World

Sweden’s Riksbank, the Eastern Caribbean Central Bank (ECCB), the Central Bank of Uruguay and the Federal Reserve all provided information on cash use in their economies at the recent Banknote Conference in Fort Worth, TX.

Cash Usage

John Winchcombe

21 May 2024

5 min read

Payment Change in India, Cash and Debit Still in the Game

A few days after celebrating its 90th anniversary, Reserve Bank of India Governor Shakti Kant Das has announced several new payment initiatives.

Cash Usage Country Profile Free Free

John Winchcombe

23 April 2024

4 min read

Cash Use Stable in Canada

The Bank of Canada (BOC) carries out regular Methods of Payment (MOP) surveys to measure payment method adoption, use at the point of sale (POS) and perceptions about payment methods. This helps the BOC with its management of banknotes and understanding of digital currencies and may help with its work on a possible Central Bank Digital Currency (CBDC).

Cash Usage

John Winchcombe

23 April 2024

2 min read

Explaining the Corporate Sustainability Reporting Directive

For Europe, the key piece of environmental legislation is the Corporate Sustainability Reporting Directive (CSRD). The European Commission estimates 50,000 companies around the world will be affected, with the first companies having to apply the new rules from as early as 2025, for financial years beginning on or after 1 January 2024.

Sustainability

John Winchcombe

18 April 2024

4 min read

News in Brief

It appears that Vermont is the latest US state to consider introducing legislation to force cash acceptance.

News

John Winchcombe

18 April 2024

5 min read

Sustainability and Cash Services – Bantas, A Case in Point

BANTAS is a joint subsidiary of three commercial banks, and the leading cash services provider in Turkey. It has about 1,800 employees, 46 cash centres with 490 armoured vehicles across the country. It is the sole provider in Northern Cyprus.

Sustainability

John Winchcombe

18 April 2024

5 min read

CBDC Privacy and the Merchant

Defining the right privacy level for a Central Bank Digital Currency (CBDC) is a critical decision when designing a CBDC. The Bank of Canada has published a Staff Working Paper that focuses on the needs of businesses and considers the options.

CBDC

John Winchcombe

18 April 2024

5 min read

Digital Payments Need Discipline

The rise of cashless payments has raised the concern that some consumers will be induced to spend beyond their means. As monthly income is spent over the course of a month, if consumers are aware of their reducing balance, they are likely to constrain their spending. The Swiss National Bank has published a paper that explores differences in how freely people spend between people who pay in cash and digitally and how their awareness of their balances affects their cash management.

Digital Payments

John Winchcombe

18 April 2024

6 min read

rCBDC Lessons from the Caribbean

Franklin Noll of the Federal Reserve Bank of Kansas City has written a payment systems research briefing note on what can be learnt from the experience of retail CBDCs (rCBDC) in the Caribbean.

CBDC Free Free

John Winchcombe

18 April 2024

4 min read

Getting Digital Financial Inclusion Right

Digital-only financial inclusion (DoFI) can increase convenience for financially included people, and lead to cost savings for providers of financial services. On the back of this, today digital payments are promoted by governments and digital payment companies alike as a solution to financial inclusion for all. A recently published paper examines the dangers of DoFI.

Digital CN

John Winchcombe

18 April 2024

5 min read

Payment News

Payment technology has had a bad time in the UK recently. Four major firms have had IT issues that hit contactless payments– two food outlets (McDonalds and Greggs), two supermarkets (Sainsbury’s and Tesco).

News

Latest News

Cash Use Stable in Canada

SNB: Step by Step Understanding of Wholesale CBDC

Cash Sustainability Forum Draws Close

News in Brief

CBDC News

Conflicts and Geopolitics Reshape the World’s Currencies

Payment News

Explaining the Corporate Sustainability Reporting Directive

First Speakers Announced for the CBDC Conference 2024

Cash Use – Updates from Around the World

Payment Change in India, Cash and Debit Still in the Game

Cash Use Stable in Canada

Explaining the Corporate Sustainability Reporting Directive

News in Brief

Sustainability and Cash Services – Bantas, A Case in Point

CBDC Privacy and the Merchant

Digital Payments Need Discipline

rCBDC Lessons from the Caribbean

Getting Digital Financial Inclusion Right

Payment News

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