Viewpoints

In 1993, world renowned Fintech disruptors, the Wu-Tang Clan, famously proclaimed “Cash rules everything around me”, so how is it that 27 years later, no one seems to need it anymore?

Last week, a ruling by the New York City Council voted to ban stores and restaurants from refusing cash payments. The ruling comes from the decision that refusing to accept cash as legal tender is a discriminatory act against the unbanked, underbanked and poorer members of society who might not have access to debit or credit lines.

Carlos Seer, AVP & Business Development Director, LAC, explores the link between prepaid card traction and greater financial inclusion in Mexico.

Multiple countries are locked in the battle to become the world’s first truly cashless nation; for others, becoming cashless is necessary due to unique local circumstances. Either way, it is well known that cash is being phased out across large portions of the globe.

A recent survey into consumer expectations of the payments market conducted by Compass Plus has revealed that the generation of consumers over 60 is increasingly relying on card as their primary payment method.

For the second blog in our ‘turning 30’ series, we’ve decided to share some of the most interesting facts about Compass Plus.

Bethan Cowper, AVP, Market Development & Business Support, discusses why age matters when analysing consumer banking behaviour.

This week, UK Finance reported that in July half of all debit card transactions were contactless, accounting for 647 million taps – a major milestone in the technology’s timeline.

A recent Mastercard survey has revealed that digital banking is the number one preference for European consumers’ daily banking needs.

The banking industry is undergoing major changes. Customer expectations are higher than ever, competitive Fintech startups are growing and new regulations are emerging. In the world of shared services and connected economies, how do financial organisations battle this storm?