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An international conference will urge global policymakers to continue to adopt \u2018bold and imaginative measures\u2019 to secure access to cash and its acceptance in the future, as many societies are seeing radical change in the payments and monetary landscape.<\/p>\n\n\n\n
The \u2018Future of Cash\u2019<\/em> conference, which will be held on 21 \u2013 22 April in Madrid, Spain and organised by AGIS Consulting, will see central bankers and decision-makers from financial institutions and other stakeholders within the cash cycle across the world consider the drivers behind the demand for cash and new technologies that are helping to transform the cash cycle.<\/p>\n\n\n\n As cash demand continues to grow alongside developments in alternative payment methods, a \u2018Future Makers\u2019 workshop facilitated by experts from international think tank Demos Helsinki, will see delegates design scenarios for the future of cash and develop roadmaps to secure its smooth and efficient distribution.<\/p>\n\n\n\n How cash is undergoing a transformation will be examined under the \u2018CashTech\u2019 project \u2013 a new forum that will see innovators, start-ups and fintechs examine how disruptive technologies can be applied to enhance the competitiveness and convenience of cash as payment tool for consumers, retailers and wider communities. They will enable consumers to pay cash for their online shopping or use lifestyle apps to access cash from their local shop. <\/p>\n\n\n\n Other sessions cover ways to improve cash collection, cash handling and recirculation. Presentations will also compare business models – such as ATM pooling or utility models – can make cash more efficient. Central bank perspectives on cash will showcase how technical processes are transforming the way cash is used and handled.<\/p>\n\n\n\n Most countries have been seeing continued growth in demand for banknotes and coins. Worldwide, cash is the leading payment instrument, even if there are significant differences between countries.<\/p>\n\n\n\n \u201cCash possesses unique attributes, which are mostly unmatched by alternative payment instruments,\u201d said Guillaume Lepecq, conference chair. \u201cCash also generates benefits for society that are not directly linked to its payments function: it ensures financial inclusion, it protects users\u2019 anonymity and it also works when the power is down or in case of computer outages.\u201d<\/p>\n\n\n\n The event will set out to shape a dynamic and future-focused roadmap for cash at a time when economies across the globe are seeing far-reaching changes in payment and monetary eco-systems as technology, regulation and demographics combine to enable societies to move wealth differently.<\/p>\n\n\n\n \u201cThe bold and imaginative futures that this conference will design come as timely and unique opportunities for all involved in payment technologies and how they can actively shape the future of cash,\u201d he added. Details of the conference programme are available at www.thefutureofcash.com<\/a> Alternatively email info@thefutureofcash.com<\/a> <\/p>\n\n\n\n ENDS<\/strong><\/p>\n\n\n\n Media enquiries<\/strong>: Andy Bruce, MHW PR Ltd. Tel. 0191 261 2773. Email andy@mhwpr.co.uk<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":" The \u2018Future of Cash\u2019 conference, which will be held on 21 \u2013 22 April in Madrid, Spain and organised by AGIS Consulting, will see central bankers and decision-makers from financial institutions and other stakeholders within the cash cycle across the world consider the drivers behind the demand for cash and new technologiesRead More\u2026<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[341],"tags":[27],"class_list":["entry","author-owenink","post-26283","post","type-post","status-publish","format-standard","category-industry","tag-world"],"_links":{"self":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/26283","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=26283"}],"version-history":[{"count":2,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/26283\/revisions"}],"predecessor-version":[{"id":26286,"href":"https:\/\/banknotenews.com\/index.php?rest_route=\/wp\/v2\/posts\/26283\/revisions\/26286"}],"wp:attachment":[{"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=26283"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=26283"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/banknotenews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=26283"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}