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Sweden once led the race to eliminate cash. Now, amid rising geopolitical threats and cyberattack fears, it is reversing course. Civil defence, the government says, requires cash in every home and transaction.

“In a heightened situation, cash is still seen as something that you could trust and actually use, even if the power is out or the internet is out,” says Erik Thedéen, Governor of the Swedish Central Bank.

As Frane Maroevic, Director General of the International Currency Association, writes: “This is the digital paradox: the more a society relies on electronic payments, the less prepared it becomes for moments when those systems fail.”

Sweden Went Cashless. Now It Is Telling Citizens to Keep Cash Ready

Worldwide spending habits have changed, with people demanding greater choice in how they pay and expressing concern over the possibility of losing cash as a payment option, says research from Paysafe.

The Modern Consumer Demands Payment Choice

For everyone working in cash, this year’s major event will be the Global Currency Forum, gathering experts from manufacturing, distribution, supply, banking and more to showcase best practices and innovations and discuss the industry’s present and future.

Global Currency Forum 2024

<div class="rich-text"><p data-block-key="lroi3">Cash is used for 22% of POS payments in Chile</p></div>

This stat comes from the latest Global Payments Report by Worldpay, which says we are ‘entering an era defined not by technology, but by people… where choice is the main driver of the payments landscape.’ In this new era, ‘cash remains relevant amid economic uncertainty.’

Cash is used for 22% of POS payments in Chile

Your Money Needs to Work for You

Research highlighting that ‘we can’t generalise across age groups’ shows that—while no group favours a cashless society—Baby Boomers and Gen Z are the most opposed, with privacy, security and inclusivity their key concerns.

70% of Gen Z are Against a Cashless Society, 80% of Baby Boomers Agree

Whether you are looking to network, learn, or be inspired with best practice and new solutions to help accelerate industry innovation, the GCF 2024 in Muscat, Oman is the place to be!

<div class="rich-text"><p data-block-key="lroi3">Cash is used for 22% of POS payments in Brazil</p></div>

Cash is used for 22% of POS payments in Brazil

White Paper "Virtually Irreplaceable: Cash as Public Infrastructure"

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Cash Matters 2017 Video

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Cash Matters channels the voices that support the existence and relevance of cash within the payment industry landscape.

Cash Matters - A Pro-Cash Movement

Frane Maroevic, Director General of the International Currency Association, delivers remarks at the 50th anniversary of the European Cash Management Companies Association in Brussels, 12 May 2025.

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Beyond the Convenience: The Hidden Costs of Going Cashless