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:
There is ongoing discussion – one might say hope – that retail-based cash access is a potential long-term solution for consumer access to cash. We don’t see any real evidence to support this playing out in the community. In this article we outline the problem, how retail cash access – known as cashback, or cash
Is cashback/cash out a channel that will solve the growing challenge of cash access? Read More »
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
In contrast to a growing number of countries in Europe and internationally, through central Europe and eastern Europe, the use of cash continues to be widespread, perhaps even the dominant payment method. Sources: ECB, Statista, RBA, UK Finance, Worldpay Despite the contrasting resistance of consumers and businesses alike to digital payment methods, payment environments across
Cash in Central and Eastern Europe: What Are the Pressing Issues? Read More »
As policy settings are reviewed and payments regulation considered, it is important to to have a clear picture of the broader role that both cash payments and digital payments play, and the relative value and challenge they each have as a form of payment. This article approaches the question through a SWOT (strengths, weaknesses, opportunities,
Cash payments and digital payments: a SWOT analysis Read More »
Since the proposed merger of Linfox Armaguard and Prosegur Australia came before the Australian Competition and Consumer Commission for approval, the importance and relevance of cash as a means of payment has regularly been in the spotlight. The merger process and subsequent well-reported events have highlighted the cost of maintaining cash as a form of
The Australian National Cash Infrastructure: Time for a Strategic Overhaul? Read More »