Wanglin Ma, Lincoln University, New Zealand; Hongyun Zheng, Huazhong Agricultural University, and Puneet Vatsa, Lincoln University, New Zealand
Paying without cash is growing in popularity. But, as the experience of China over the past decade shows, the benefits of mobile payments can leave some groups behind.
Facebook claims its new cryptocurrency will bring financial inclusion and opportunity to billions, pushing cash further to the fringes. Is that a good thing?
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.
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.
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.
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…