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The exchange of money for goods and services is a pillar of societies and economies worldwide. Given this pivotal role, payments should be usable by all, at no extra cost. While this seems like common sense, many cashless options tick neither box, while the use of cash—which ticks both—is being discouraged.

How the Commodification of Payments Threatens Financial Freedom

The 2023 Global Payments Report from fintech company FIS shows ‘cash continues to play an essential role in most economies’, accounting for over $7.6 trillion in consumer spending throughout 2022.

2023 Payments Report Confirms Cash is Essential to Economies Worldwide

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We look forward to announcing further events in due course

<p data-block-key="349uz">In Turkey, cash is used for 38% of POS transactions</p>

This figure comes from the latest 2023 Global Payments Report by fintech company FIS, which shows ‘cash continues to play an essential role in most economies’, accounting for over $7.6 trillion in consumer spending throughout 2022.

In Turkey, cash is used for 38% of POS transactions

Different payment methods offer different advantages, and those offered by cash include protection of personal data, financial inclusivity, and resilient payment infrastructures. A recent article on business and financial news site Finance Magnates explores the importance of preserving these and other cash-specific benefits in a digital world.

Cash in Hand, Security in Mind

Cash Tops In-store Payments in Europe

The European Central Bank (ECB) reports that cash remains the number one choice for consumer payments, even as the share of electronic payments grows.

<p data-block-key="ftwgi">Over 40% of Australian businesses report accepting cash due to consumer demand</p>

This figure comes from a Reserve Bank of Australia report titled ‘The Cash Use Cycle in Australia’, which offers a comprehensive look at trends and drivers in cash use across the country.

Over 40% of Australian businesses report accepting cash due to consumer demand

White Paper "Virtually Irreplaceable: Cash as Public Infrastructure"

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White Paper "Virtually Irreplaceable: Cash as Public Infrastructure"

In Cash We Trust: The Perks of Payment Choice

How the Commodification of Payments Threatens Financial Freedom

Cash in Hand, Security in Mind

Cash Educates and Celebrates Coming of Age

How the Commodification of Payments Threatens Financial Freedom

2023 Payments Report Confirms Cash is Essential to Economies Worldwide

We look forward to announcing further events in due course

38%

Cash in Hand, Security in Mind

Cash Tops In-store Payments in Europe

We look forward to announcing further events in due course

40%

38%

40%

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