From the unique perspective of Currency Research (CR), the only global communications, consulting, and conferencing business operating in both cash and payments, this report examines the impact of external and internal forces on the companies and government departments involved with the cash cycle as a whole.
The Cash Industry in Transition (CIIT) report concludes that central banks are in the difficult position of receiving criticism if they express support for cash but also criticized if they support the move away from cash. They are navigating through truly uncharted territory and must be pragmatic in planning and preparing for a less-cash future. The cash industry must also hasten its planning for a less-cash society while maintaining a robust cash industry – not an easy task.
CR believes this report will be invaluable to both the currency and payments functions within central banks to help guide immediate and future planning and policy endeavors. Central banks across the globe are taking proactive measures to adapt to the new realities being introduced by innovations in the payments space, and this report provides an overview to some of these initiatives.
Additionally, the report is also important to the cash industry itself, orienting the industry to areas of pressure and disruption and challenging current and future responses to the industry.
Whether your organization sees the transition in the cash industry from the lens of a cash focused organization or from a payments perspective, the Cash Industry in Transition Report is a valuable thought-leadership piece that analyzes the state of the industry today, and how the industry will likely transform in the next few years.
Through CR's initiatives supporting education and knowledge-sharing within the cash and payment industries, we help improve the lives of people by supporting their rights for faster, cost-effective, secure choices in payments. CR is waiving the $875 fee for The Cash Industry in Transition to extend the reach of this vital work to a wider audience because the implications of moving to a cashless society are complex, far-reaching, and have an impact on society as a whole.
If your organization would benefit from CR's knowledge in cash and payments, contact Jens Seidl, VP of Marketing and Business Development, to discuss how our consulting team can assist you.
If you are unable to access the request form, please contact us for assistance.
Companies mentioned in the report: Amazon, Ant Financial/Alipay/Alibaba, Apple, Baidu, Banco Central del Ecuador, Bank Note Paper Mill (BNPM) India, Bank of Canada, Bank of Finland, Bank of Ghana, Banque de France, BBK, Board of Governors of the Federal Reserve, Brink's, BS2/Penki Kontinentai Group, Canadian Banknote Company, Cash & Payments News, Central Bank of Kenya, China Banknote Printing and Minting Corporation (CBPM),Crane Currency, Currency News, Currency Research, De La Rue, De Nederlandsche Bank, Europay, Facebook/Libra, Federal Reserve, Federal Reserve Bank of Boston, Federal Reserve System National Cash Product Office, G4S, Gardaworld, Giesecke+Devrient, Global, Google, GOZNAK, Huawei, IMF, Jumia, KOMSCO, Landqart, LINK, Loomis, Lyft, Mastercard, Mint Quarterly, Mobile Payments Institute Kenya, Monetary Authority of Singapore (MAS), MTN Nigeria, National Bank of Rwanda, NCR, Oberthur Fiduciaire, Oppo, orell füssli security printing, Paystack, Polish Security Printing Works (PWPW), Portals Paper, ProgressSoft, PromptPay, Prosegur Cash, PT Pura Buratama, PYMNTS, Reserve Bank of Australia, Reserve Bank of Malawi, Samsung, Stripe, Sverige Riksbank, Swiss National Bank, Tencent/WeChat Pay, The Royal Mint, Travelex, Uber, UnionPay, Visa, World Bank