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A recently published US study shows pride often does not equal prosperity, with LGBTQIA+ people experiencing ‘many economic and financial disparities, often driven or exacerbated by experiences of discrimination.’ Today, we explore the role of cash in helping all marginalised communities engage with economies and gain some control over their finances.

Cash Matters in the Rainbow Economy

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

Further events TBC

We look forward to announcing further events in due course

<p data-block-key="349uz">In Japan, cash is used for 51% 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 Japan, cash is used for 51% of POS transactions

Many articles talk up ‘cashless societies’ and ask how populations can be convinced to give up cash, with the underlying assumption that everyone should want to. If the benefits to individuals are unclear and unspoken, there is a good reason: the rewards are restricted to the banking and fintech industries.

Follow the Money: Who Really Benefits from Cashless Societies?

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">Around 15% of Australian businesses report accepting cash as it offers immediate settlement</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.

Around 15% of Australian businesses report accepting cash as it offers immediate settlement

White Paper "Virtually Irreplaceable: Cash as Public Infrastructure"

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White Paper "Virtually Irreplaceable: Cash as Public Infrastructure"

Climbing Costs Driving Cash Comeback

Cash Matters in the Rainbow Economy

Follow the Money: Who Really Benefits from Cashless Societies?

In Cash We Trust: The Perks of Payment Choice

Cash Matters in the Rainbow Economy

2023 Payments Report Confirms Cash is Essential to Economies Worldwide

We look forward to announcing further events in due course

51%

Follow the Money: Who Really Benefits from Cashless Societies?

Cash Tops In-store Payments in Europe

We look forward to announcing further events in due course

15%

51%

15%

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