PaymentsJournal
No Result
View All Result
SIGN UP
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
PaymentsJournal
  • Commercial
  • Credit
  • Debit
  • Digital Assets & Crypto
  • Digital Banking
  • Emerging Payments
  • Fraud & Security
  • Merchant
  • Prepaid
No Result
View All Result
PaymentsJournal
No Result
View All Result

Cash is Sticking Around

By Tristan Hugo-Webb
September 10, 2013
in Mercator Insights
0
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
mobile banking

Industry pundits for years now have beendoing their best to accurately predict exactly when cash will nolonger remain a significant payment instrument in the hands andwallets of consumers. For some, the demise of cash is impending,and for others, its ultimate end is down the road but comingnonetheless.

At the moment, however, cash remains a significant player in thepayment mix to consumers worldwide. Many emerging markets arecategorized as “cash cultures” where the local population uses cashalmost exclusively to purchase goods and service. Cash, however,remains relevant in more mature markets such as the United Kingdom,which highlights the enduring appeal of paper.

The UK Payments Council in June published a report saying thenumber of cash payments rose 0.2 billion in 2012 to reach 20.8billion, some 54 percent of all payments made. Commenting on the report, David Hensley,Head of Cash at the Payments Council said: “Cash is still a vitalpart of our day-to-day lives, and more than half of all ourpayments are in cash, reflecting its easy use and its wideacceptance.”

Wide or universal acceptance is one of cash’s core strengths (theother strengths being universal anonymity and budget control) and amajor factor in why consumers use cash over other paymentinstruments. The three major strengths for cash, however, are notthe only encouraging for consumers to continue to use it.

Consumers cite cash’s convenience as the leading factor for usingit, according to Mercator Advisory Group’s CustomerMonitor SurveySeries. Cash is still convenient for small transactions despite thelittle time it takes to swipe a card or insert one into a reader.Until a payment form such as contactless gains more tractionoutside select markets, cash will remain a consumer’s preferencefor small-ticket items.

The number of cash alternative has multiplied in recent years, butone of the world’s oldest payment instruments is still showingresilience and enduring popularity with consumers. For moreinformation on international trends in consumer cash use, as wellas an examination of some of the leading factors that willdetermine whether cash remains a dominant payment instrument.

0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn
Tags: Banking ChannelsCashCompliance and RegulationCreditDebitEMVFraud Risk and AnalyticsMobile PaymentsPrepaidSelf Service and ConvenienceSocial Media

    Get the Latest News and Insights Delivered Daily

    Subscribe to the PaymentsJournal Newsletter for exclusive insight and data from Javelin Strategy & Research analysts and industry professionals.

    Must Reads

    Payment Facilitator

    The Payment Facilitator Model as a Growth Strategy for ISVs

    February 4, 2026
    Simplifying Payment Processing? Payment Orchestration Can Help , multi-acquiring merchants

    Multi-Acquiring Is the New Standard—Are Merchants Ready?

    February 3, 2026
    ACH Network, credit-push fraud, ACH payments growth

    What’s Driving the Rapid Growth in ACH Payments

    February 2, 2026
    chatgpt payments

    How Merchants Should Navigate the Rise of Agentic AI

    January 30, 2026
    fraud passkey

    Why the Future of Financial Fraud Prevention Is Passwordless

    January 29, 2026
    payments AI

    When Can Payments Trust AI?

    January 28, 2026
    Contactless Payment Acceptance Multiplies for Merchants: cashless payment, Disputed Transactions and Fraud, Merchant Bill of Rights

    How Merchants Can Tap Into Support from the World’s Largest Payments Ecosystem

    January 27, 2026
    digital banking

    Digital Transformation and the Challenge of Differentiation for FIs

    January 26, 2026

    Linkedin-in X-twitter
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Commercial
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Digital Banking
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter
    • About Us
    • Advertise With Us
    • Sign Up for Our Newsletter

    ©2024 PaymentsJournal.com |  Terms of Use | Privacy Policy

    • Commercial Payments
    • Credit
    • Debit
    • Digital Assets & Crypto
    • Emerging Payments
    • Fraud & Security
    • Merchant
    • Prepaid
    No Result
    View All Result