Cash

Venezuelans were wearily rushing to deposit bank notes or dump their cash savings entirely on Monday following an announcement by President Nicolas Maduro that he was invalidating the country’s biggest bill because of what he says is an attack on the nation’s liquidity.

The U.S. may never face the type of crisis sparked in India through a government decision to recall high-currency bills to curb fraud. But the countries and their financial institutions have something in common — they welcome any technology that introduces digital money in lieu of cash.

Lines are nothing new in Venezuela, where the economy is shattered. Now added to the indignities of daily life in a country desperately short on most everything except crime is the ATM hustle, as banks crack down on what customers can take out.

India’s war on cash has at least two likely victors: Visa Inc. and Mastercard Inc.

India's move to remove much of the country's cash notes is having an adverse impact on much of the country's population, according to former U.S. Treasury Secretary Lawrence Summers.

India's cash crisis may threaten the country's traditional wedding season. Uber is attempting to solve some of the problem with a new car booking service.

India's abrupt recall of its larger bills — a bid to crack down on tax evasion — was a crash course in how to adapt to a cash shortage. Was this an opportunity for mobile payments or a failing of the overall financial services system?

The crisis sparked by the shortage of cash in India following Prime Minister Narendra Modi’s anti-graft measure to ban high-value currency bills has hit the movement of goods in Asia’s third-largest economy.

Despite the growth of digital payment options from technology companies, consumers are used to cash.