A bank official counts discontinued rupee notes.
AP Photo/ Anupam Nath
India's recent move toward a cash-free society helped reveal just how important physical currency is to the informal economies that the poorest families depend upon.
Almost half of the participants in the Cashless Welfare Card trial said it had made their lives worse.
It’s a mystery why another trial of the Cashless Debit Card is necessary – particularly given how it has led to further economic and social harm among its participants.
Legal tender no more?
Legal tender via www.shutterstock.com
The notes in your pocket say they're legal tender for all debts public and private. Are they lying?
Bank tellers might not need to be worried about their jobs with the rise of cashless payments.
Despite a rise in cashless payments and a drop in customers drawing out cash, bank tellers might still have a future.
The demise of cash is not yet locked up.
Despite the growth of card and mobile payments, cash is still king in many markets.
If bitcoins exist only in computers, do they really exist?
Bitcoins via www.shutterstock.com
Money used to be backed by something of real value such as gold or silver. Bitcoins and other digital currencies will sever that link forever.
Is it time for the ATM’s requiem?
Old ATM via www.shutterstock.com
Devices we keep in our pockets can now do most of the functions once the dominion of the automated teller machine – or banker – but it may be premature to pronounce the end of the ATM.
The increasing use of debit and credit cards as well as the introduction of contactless payment systems means cash is becoming a less essential part of society.
There is mounting evidence that consumers are making less use of cash, while the use of electronic payment methods, particularly debit cards, continues to increase. But are we heading towards a cashless…