The western world is becoming cashless, but this carries a billion pound cost for merchants. Could open banking be the answer?
As digital finance continued to grow retailers started to experiment with the idea of cashless stores; the idea was met...
Japanese banks are looking at digital payments due to a recent regulatory change which may bring in more competition; the law will be introduced in phases which makes it easier for depositors to give third parties access to both their accounts and data; it is part of a government push to reduce high cash use in the country; Projects around QR codes, blockchain and digital currencies are currently in the works. Source
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Environmental concerns drive many to reject the idea of CBDCs but research suggests they could actually be an improvement.
The UK has been moving towards a cashless society for years as payments have become more efficient through new technology;...