Mobile money transactions in Kenya surged to KSh6.5 trillion in the first nine months of 2024, reflecting a 13.2% growth compared to KSh5.8 trillion during the same period last year.

The European Commission is preparing to introduce new rules on cash payments in order to fight against money laundering.

A Norges Bank survey estimates only 3% of consumers pay with cash, although more would do so if shops would accept cash. Norges Bank and the government have recently added an amendment to the Central Bank Act that clarifies consumers’ right to pay with cash up to an amount of 20,000 kroner.

The US regulator, the Consumer Financial Protection Bureau (CFPB), wants to extend its regulatory scrutiny to include tech giants such as Apple and Google and their digital payment apps and wallets.

Thailand is planning to give citizens with a certain level of income and savings a financial boost by transferring funds to them through a digital wallet.

The European Payments Initiative (EPI) is a Europe-wide bank-backed venture set up to build a European rival to Mastercard and Visa.

An article about the challenges of public transport digital ticketing lays out the general problems of going digital.

The UK’s Competition Appeals Tribunal has rejected an appeal by Visa and Mastercard against a class action that claimed that businesses that received payments by commercial cards paid fees much higher than they should have been, causing them significant losses.

Those who oppose CBDC use a range of arguments. One is a general argument that fiat money allows governments to expand the money supply at will, removing the constraint on government to pursue ‘sound money’.

Revolut has recently received a UK banking licence. It has 9 million UK customers, 45 million globally. It has now announced that those customers can deposit cash into their accounts.