Cash

Companies that allow merchants to quickly set up card acceptance through mobile technology are rushing to fill a void in the Indian market following the country's dramatic shift in cash policy.

Singapore-based ride-sharing company Grab is looking to expand its reach in Indonesia through its acquisition of Kudo, an e-commerce platform for unbanked consumers who would be unable to use Grab's own digital payment platform.

The European Central Bank issued a new 50-euros banknote April 4 across 19 countries in the euro zone, the fourth new bill for consumers in what is termed the Europa series and includes euro denominations of 5, 10 and 20.

Amazon is lending its considerable brand and heft to a cash payment model that borrows a vital piece of real estate from Apple Pay.

As many tech companies push to counter the use of cash in favor of cards and mobile wallets, some merchants are pushing back by urging the use of cash.

By now most of the world knows of the disruption India's monetary system has undergone as its government discourages paper cash and pushes digital alternatives, stopping short of outright forcing the issue. But there's another challenge within the market.

The Indian government's major change in cash policy and push for digital payments attracted the Chinese company to increase its stake in India's Paytm.

Digital payments can make travel payments easier and boost financial services in emerging markets. In some cases, it's doing both.

How much do Germans like cash? Consider the following common German phrase: "Geld stinkt nicht," which roughly translated means, "money doesn’t stink."

Zimbabwe’s central bank said it is “illogical” and undermining efforts to stem a cash shortage that the country is spending more on satellite television subscriptions than on imports of the raw materials needed to produce cooking oil.

India's sudden shake-up of its currency system last fall was an early holiday for digital payment companies, and Visa was no exception.

Shoppers are going to have to choose which apps to keep and which to delete or hide, making it important that retailers develop an app that's worthy of repeated use.

The method is still based on paper money, but the model includes steps that get consumers ready to adopt e-commerce. Given the region's smartphone penetration, that's an inevitability.

More than half of consumers visit an ATM at least once a month, although men—and Baby Boomers—tend to get cash more often, according to a new survey from TD Bank.

In markets such as Africa there's a huge market for mobile payments, but a regulatory environment that has not caught up

India’s latest efforts to shift to digital payments and reduce the nation’s tight grip on cash are in the spotlight, following the government’s recent cash recall and the Reserve Bank of India (RBI) giving its blessing to about a dozen digital payments startups. The newest, BHIM, is controlled by India’s government and is off to a fast start after its first week.

On the heels of India’s move last month to discourage cash-hoarding by demonetizing certain bills, Prime Minister Narenda Modi on Dec. 30 announced the rollout of a government-managed mobile payments app.

Payments software provider Ezetap says an agreement with Pax Global Technology Ltd. will bring "hundreds of thousands" of mobile and mini point-of-sale terminals to India as the country lessens its use of cash.

In another move that furthers India's movement away from cash, police in Pune plan to initiate a cashless policy by the end of the first week of January.

A new analysis from the Federal Reserve shows checks as one of the few non-cash payment types to decline, while many others are on the rise.