How Britain reacted to Crowdstrike IT meltdown: withdrawing £6m in cash
During the global CrowdStrike outage, ATM transactions in the UK surged by 30%, demonstrating cash as an essential backup. Link reported...
News by FinTech Collective
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How the dash to ditch paper money created a playground for criminals
Sweden has led the way in Europe in going cashless, but fast and easy digital commerce have left consumers and the state vulnerable...
How digital cash got caught up in the culture wars
A few years ago, CBDCs were the domain of policy wonks. Today, they are a topic of growing political importance and, among fringe groups,...
Indian banks are set for a profit boost on bank notes withdrawal
A key metric of profitability for Indian banks, lending margins, is set to get a boost as the nation’s decision to withdraw its...
Nigeria to ban cash withdrawals from government accounts
Nigeria will ban cash withdrawals from government accounts from March 1 to tackle illicit activity and push toward a cashless economy....
Italy, India, and the bumpy road to cashless payments
Italians still use cash more often than the eurozone average — for around 69% of in-person transactions, but that too is down 13% since...
Denmark’s bank robbers count the cost of cashless society
Denmark has discovered an unexpected benefit of a cashless society after bank robberies in the Scandinavian country fell to zero. Figures...
Kids don’t want cash anymore–they want ‘Robux’
Roblox and other virtual economies are changing families’ conversations about money, and helping solve the perennial parenting problem of...
Bank deposits could drop for first time since World War II
Over the past two months, bank analysts have slashed their expectations for deposit levels at the biggest banks. The 24 institutions that...
Chime rolls out cash deposits at Walgreens
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.
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