Articles with tag like: cash

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EU Commission planning limit of EUR 10,000 for cash payments

News | Payments General | 22 Jul 2021

The European Commission has announced plans for an upper limit of EUR 10,000 on cash payments as part of their new anti-money laundering package. 

European Commission, cash, payment processing, AML

A bumpy road ahead - transformation of payments leading towards cashless societies

Voice of the Industry | Payments General | 25 Jun 2021

The world of payments is rapidly moving away from cash and into non-cash transactions which is in line with a general digitalisation of our societies

CBDC, digital currency, cashless, e-wallet, cash, mobile payments, ATM

COVID-19 restrictions to boost contactless payments in the UK

News | Online Payments | 17 Jun 2021

There has been an increase in the use of contactless payment technology during 2020 in the UK, fuelled by the COVID-19 pandemic, according to UK Finance’s 2021 Payment Markets Report.

contactless payments, cash, debit card, mobile payments, study

Interview with the Central Bank of Jamaica and eCurrency on CBDCs

Interviews | Payments General | 11 Jun 2021

The Central Bank of Jamaica and eCurrency delve into the topic of CBDCs, based on the pilot that currently tests a digital Jamaican Dollar

CBDC, central bank, online security, cash, DLT, payment processing, digital payments, e-wallet, KYC, data privacy

Paysafe, IntelliPay expand partnership to offer online cash payments

News | Online Payments | 08 Jun 2021

US-based payments platform Paysafe has announced it expands US partnership with IntelliPay to offer online cash payments.

partnership, online payments, cash, contactless payments

Economic crisis in Mexico closes 867 bank branches, reduces credit card use

News | Online & Mobile Banking | 20 May 2021

Mexican banks feeling the impact of the economic crisis created by the COVID-19 pandemic have closed 867 branches in the first quarter of 2021.

banks, digital banking, digital payments, credit card, cash

Paysafe cooperates with TripGift for online gift cash payments

News | Online Payments | 18 May 2021

The specialised payment platform Paysafe has announced a partnership with travel booking and gift card redemption platform TripGift to introduce online cash payments for gifts. 

partnership, online payments, cash, ecommerce

EU wants to ban high cash payments, financial market commissioner states

News | Payments General | 11 May 2021

EU financial market commissioner Mairead McGuinness has announced a future push to ban payments of over EUR 10,000 in cash.

cash, payment processing, mobile payments, European Commission

FinXP, CashtoCode partner to enable cash payments acceptance for online merchants

News | Online Payments | 12 Apr 2021

FinXP, a Malta-based PSP, has announced a new strategic partnership with CashtoCode, a cash payment service platform for online merchants.

FinXP, cash, online payments

Central Bank of Bahamas shares updates on Sand dollar CBDC progress

News | Cryptocurrencies | 07 Apr 2021

John Rolle, the Governor of the Central Bank of Bahamas, has shared some updates on the rollout of the Bahamas’ central bank digital currency (CBDC) which went live in October 2019.

CBDC, central bank, digital currency, cash, financial inclusion, mobile payments, e-wallet

Sweden's central bank to include banks in next stage of e-krona project

News | Cryptocurrencies | 07 Apr 2021

Sweden’s central bank has announced plans to include other banks in the coming year to test how the e-krona could handle commercial and retail payments in the real world.

CBDC, cash, central bank, cross-border payments, payment processing, digital currency

First Bank reveals new fund transfer option for Africa

News | Payments General | 10 Mar 2021

First Bank, a Nigerian commercial bank, has unveiled a new cross-border payments service called First Global Transfer.

money transfer, cross-border payments, cash

Russia's financial watchdog to present new concept of national digital currency

News | Cryptocurrencies | 19 Feb 2021

Russia’s financial watchdog has said it will present a more detailed concept for the national digital currency by summer, according to online publication RT.

Central Bank of Russia, digital money, cash, electronic money, digital wallet

The Bank of France to shut down a third of cash handling centres

News | Payments General | 25 Jan 2021

The Bank of France has announced it will shut down more than a third of its cash handling centres by the end of 2022 as the pandemic accelerates a decline in the use of notes and coins.

The Bank of France, cash, online payments, digital payments, cards, banknotes, banking

Venmo customers can now cash checks directly from the app

News | Mobile Payments | 05 Jan 2021

Venmo has announced a new Cash a Check feature in the app for select customers, enabling Venmo's community to cash printed, payroll and checks directly from the Venmo app. 

Venmo, cash, mobile payments, checks, payroll, Cash a Check

7-Eleven launches mobile wallet solution

News | Mobile Payments | 03 Dec 2020

7-Eleven has launched a mobile wallet that offers all customers – including those who would like to load cash – a true contactless, convenient way to pay nationally at participating US stores.

7-Eleven, launch, mobile wallet, contactless payments, mobile payments, US, 7-Eleven Wallet, cash, debit cards, credit cards, Apple Pay, Google Pay, prepaid gift cards

Payment Alliance adds Bitcoin to cash capabilities

News | Cryptocurrencies | 25 Nov 2020

Payment Alliance International (PAI) has teamed up with B4U Financial (B4U), a cryptocurrency services provider, to serve liquidity needs of the growing cryptocurrency market.

Payment Alliance International, PAI, B4U Financial, B4U, cryptocurrency, cash, Bitcoin, ATM, partnership, US

Samsung Pay survey reveals Brits appetite for digital payments

News | Online Payments | 03 Nov 2020

Recent research from Samsung Pay has revealed that the UK is more willing than ever to go digital with their payments, as traditional methods begin to get left behind.

Samsung Pay, cards, digital payments, survey, study, lockdown, mobile payments, cash, UK

Cash usage trends – a method under siege in the coronavirus era

Voice of the Industry | Payments General | 28 Oct 2020

Ryan Tuttle, Consumer Finance Consultant at Euromonitor, talks about the disruption caused by the COVID-19 pandemic when it comes to the usage of different payment methods

Ryan Tuttle, Euromonitor International, cash, COVID-19, payment methods, digital payments, QR code, merchants

Cash still pays to cover household bills, pre-pandemic study finds

News | Online Payments | 16 Oct 2020

Bill payers are still invested in cash, with cash office payments taking preference over options such as PayPoint, Post Office, and Payzone according to pre-pandemic figures released by payment specialist allpay.

allpay, Post Office, Payzone, or PayPoint, bills, cash, bank transfer, rents, UK, study, direct debit, credit card, cash