CashlessSociety

Japanese Households Cut Cash Holdings at Unprecedented Rate Amid Rising Inflation

2 months ago

In a noteworthy shift in consumer behavior, Japanese households are dramatically reducing their cash holdings at the fastest pace ever recorded, as they grapple with the impacts of rising inflation. This significant financial alteration comes on the heels of Japan's inflation rate reaching a 40-year high, prompting households to reassess their traditional reliance on liquid cash savings.

The Future of Money: Are Digital Payments Leading to a Cashless Australia?

4 months ago

Recent discussions have emerged in Australia regarding the rapid transition to digital payment methods and its implications on cash usage in the country. As digital transactions continue to gain momentum, questions arise about the potential for cash to become obsolete in the not-so-distant future.

New Zealand's Cash System on the Shift: From Abundant to Ample, Says RBNZ

7 months ago

The Reserve Bank of New Zealand (RBNZ) has officially acknowledged a significant change in the country’s cash system, stating that it is transitioning from a state of abundance to one that can be termed 'ample'. This announcement arrives at a crucial time when the global landscape of cash usage is experiencing varied changes largely influenced by technological advancements and shifting consumer preferences.