7/26/2024 5:16:49 PM How Britain reacted to Crowdstrike IT meltdown: withdrawing £6m in cash By Gareth Jones During the global CrowdStrike outage, ATM transactions in the UK surged by 30%, demonstrating cash as an essential backup. Link reported...
6/21/2024 12:53:55 PM How the dash to ditch paper money created a playground for criminals By Sarah Wolter Sweden has led the way in Europe in going cashless, but fast and easy digital commerce have left consumers and the state vulnerable to...
9/7/2023 2:29:17 PM How digital cash got caught up in the culture wars By Sarah Wolter A few years ago, CBDCs were the domain of policy wonks. Today, they are a topic of growing political importance and, among fringe groups,...
5/23/2023 9:35:56 PM Indian banks are set for a profit boost on bank notes withdrawal By Sarah Wolter A key metric of profitability for Indian banks, lending margins, is set to get a boost as the nation’s decision to withdraw its...
1/5/2023 9:34:29 PM Nigeria to ban cash withdrawals from government accounts By Sarah Wolter Nigeria will ban cash withdrawals from government accounts from March 1 to tackle illicit activity and push toward a cashless economy....
1/5/2023 4:29:30 PM Italy, India, and the bumpy road to cashless payments By Sarah Wolter Italians still use cash more often than the eurozone average — for around 69% of in-person transactions, but that too is down 13% since...
1/4/2023 2:52:55 PM Denmark’s bank robbers count the cost of cashless society By Sarah Wolter Denmark has discovered an unexpected benefit of a cashless society after bank robberies in the Scandinavian country fell to zero. Figures...
12/5/2022 12:39:31 PM Kids don’t want cash anymore–they want ‘Robux’ By Sarah Wolter Roblox and other virtual economies are changing families’ conversations about money, and helping solve the perennial parenting problem of...
4/14/2022 4:12:15 PM Bank deposits could drop for first time since World War II By Sarah Wolter Over the past two months, bank analysts have slashed their expectations for deposit levels at the biggest banks. The 24 institutions that...
12/17/2021 1:52:38 PM Chime rolls out cash deposits at Walgreens By Carlos Alonso Torras This service is available at more than 8,500 Walgreens at no fee. The company noted that 78% of Americans live near a Walgreens location.
4/30/2021 8:39:35 PM Bank of England report on the UK's use of cash during lockdown By Gareth Jones During the Covid-19 pandemic, the way people use cash has changed. Cash was being used less for transactions but the total value of...
4/23/2021 7:21:12 PM Santander launches digital cash management service By Carlos Alonso Torras Santander has teamed up with Prosegur Cash to launch an in-store digital cash management service in Spain that puts the notes and coins...
11/13/2020 2:49:40 PM Norway has lowest physical cash use in the world, says report By Carlos Alonso Torras Norway claims to use less cash as a proportion of total spending than any other country across the globe, according to a study by its...
7/30/2020 7:12:31 PM US mint facing coin shortage By Sarah Wolter Widespread lockdowns and health guidelines favouring the use of credit and debit payments over physical cash has hit the supply of coins...
7/17/2020 1:10:01 PM The comfort of cash in a time of coronavirus By Sarah Wolter Americans have been hoarding cash during the pandemic, presenting the Federal Reserve with an expensive challenge. Cash use at the till...
5/28/2020 9:04:25 PM Coronavirus accelerates shift away from cash By Gareth Jones The FT digs into the effects that are being felt through the banking system. ATM transaction volumes fell as much as 62% year on year at...