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We look at how the evolution of digital payments in Brazil can offer encouragement to UK businesses.
The growth of cashless payments is making it harder for cash-reliant consumers to pay for essentials like utilities, healthcare, and even government services. eCash can make these services more accessible and inclusive, while cutting costs for providers.
As the cost of living continues to rise, many of us are scrutinising our spending and trying to find ways to budget more effectively. Here, we explore why cash is proving key – and how merchants can offer payments options that better meet consumers’ needs and drive inclusivity.
In an increasingly digital payments landscape, there are many good reasons to make sure cash remains part of the mix. And it’s especially at times like Christmas that we see why.
For millions of people across Europe and the U.S., cash is the only way they can buy essentials and participate in the mainstream economy. But protecting access to cash benefits everyone — including consumers who are willing and able to pay with cashless methods.
Despite being home to some of the biggest names in the industry — N26, bunq, and Vivid Money just to name three — the DACH region has lagged behind the rest of Europe when it comes to neobank adoption. Could accepting eCash move the needle as we emerge from the COVID-19 pandemic?
Beyond product innovation, Fintech companies are collaborating with community advocates, non-profits, and other institutions to impart positive social change and build a more transparent, accessible, and inclusive financial system.
Massachusetts blazed the trail in 1978, making it illegal for businesses to refuse cash payments back when debit cards and credit cards were still rare and digital wallets were the stuff of science fiction.
The media has proclaimed that cash usage is in a downward spiral for at least a decade. But while it's true that more people are using contactless and other digital forms of payment than ever before, the claim that we don't need cash anymore is misguided.