We asked leading experts from central banks across the world for their thoughts on cash’s place in the wider payments industry. We’ve produced a report that considers these opinions alongside research from a range of other sources.
Our survey, combined with these additional facts and figures, shows that cash will continue to play a vital role in economies all around the world – with 70% of respondents indicating that cash will still be the main payment method in their country in 2030.
However, cash will face challenges as digital payments become more popular. The sharing of global best practice will become increasingly important to ensuring cash continues to offer excellent value to businesses, banks and the paying public.
The report looks at a number of topics including what central banks believe some of their main cash challenges will be in the years to come; how cash processing costs might be reduced; and whether non-cash payments, such as cryptocurrencies, will become common in the future.
Click HERE to view the report.