One of the most common and interesting debates in the financial services industry right now is whether it's really possible that, one day, we might live in a cashless society. Can the global economy and financial system function without cash, and would we want it to?
Looking at recent trends in countries like Sweden– where more and more people are leaving cash behind and relying on cards and mobile devices for payments – it’s reasonable to think that a cashless society is not only possible but could be just a few years away.
As research has shown, however, there are some parts of the world where cash remains a fundamental part of the financial system.
Demand for cash still strong
In its latest ATM Hardware, Software and Services report...
Gordon, Colin. "Rising ATM use shows case for cash in Asia." NCR | World Leader In Consumer Transaction Technologies. March 28, 2017. Accessed May 3, 2017. https://www.ncr.com/company/blogs/financial/rising-atm-use-shows-case-cash-asia#.WJyE6wMHHJg.twitter