Consumer payments studies are one of the most widely used – albeit imperfect – ways of understanding changes in consumer payment behaviour. In the last month or so three such studies have been released looking at payments in notably different economies: Switzerland, Jamaica and Australia. Given the proximity of their release it provides an opportunity
Introduction The South African Reserve Bank (SARB), as part of its ambitious Payments Ecosystem Modernisation Programme (PEM), is pursuing a “Cash Smart Strategy.” While the detail of the strategy is still emerging, early signals suggest it will be just as far‑reaching as PEM itself. Barry Röhrs, Malcolm Clingham, Scott Forster and Matt Sykes recently sat
Transforming South Africa’s Cash System: a Conversation on Opportunities and Risks Read More »
Key facts Roles in the cash system How cash distribution works Because of the BDA and CCF structure, no party has a detailed view of cash distribution or activity. While the BDA approach was historically highly efficient, it has more recently come under scrutiny. The state of play of cash and payments Recent events Our
Cash System Spotlight: Australia Read More »
Key facts Roles in the cash system How cash distribution works Notably, Albania historically exported excess foreign currency (esp. euro) via air transport to Vienna. The state of play of cash and payments Recent events Our observation While politicians and regulators are making gestures toward reducing cash and growing digital payments, Albania continues to be
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We recently sat down with Darren Garbutt to get his insights into what is happening in the ATM space, along with some crystal balling on the future. Scott: The ATM industry is going through significant change at the moment. What are the big changes that you’re seeing? Darren: There are several key factors driving this
Q&A with Darren Garbutt Read More »
There has been broad reporting of the latest S&P ratings report on the Australian banking sector, released this week. In particular, the report calls out political pressure on the sector. Two call-outs of note: We broadly agree with S&P’s analysis of these issues. They do, however, highlight a propensity by both politicians and to a
We are pleased to release our research report exploring the future of cash in Australia. Our findings point to a near-medium term that is contrary to many commentators. We do not believe there is strong quantitative evidence for any recent decline in the volume of cash being used for consumer payments, nor indicators that this
The future of cash in Australia Read More »
Nearly every conversation we have with clients and partners at some point turns to the question of the future of cash. It is a constant question in the cash community, whether it is in private, as part of strategy setting, or at conferences. Often, we find that the discussion turns to a number of things:
Over the past couple of days the Australian Treasury has moved toward two significant policy shifts in the cash and payments landscape. The first, officially announced move is a consultation to mandate cash acceptance by retailers – at least covering groceries and fuel, but with an as-yet undetermined reach. The second, now widely reported through
The CPT Research Centre has a key area of research focus around cash. Within the cash sector a number of terms are thrown around, and at times interchangeably. As we move toward understanding how to improve and transform, we believe it is helpful and important to be clear on what we are speaking about. Three
The cash system, the cash cycle and cash infrastructure: definitional differences Read More »