May-June 2023

Where has all the cash gone?

Craig Lawrance

I wrote some 3 years ago in this very publication that Cash had been having a hard time lately. Well the truth is in many places it’s still struggling to survive. The long-gone pandemic drove users away from cash that could have been considered to carry infection.

Articles

Where has all the cash gone?

Craig Lawrance

Cash has been having a hard time lately.  With social distancing, retailers no longer appear to want your cash, they want you to keep a safe distance, but they still want your money in other ways.  In the most developed countries, payment by card is well established, and there’s generally a good infrastructure to accept card payments.  Globally, card schemes like Visa and MasterCard have reported a huge increase in the use of contactless payment in the stores where cards can be used, and many consumers have adopted cards in ways new to them…