Cash demand solid despite digitalisation, CPMI finds
Latest ‘red book’ statistics show rapid growth in cashless payments, but demand for cash still resilient
Demand for cash payments remained resilient in 2021 despite an ongoing surge of cashless payment methods, the Committee on Payments and Market Infrastructures (CPMI) says.
The Basel-based group found that cash in circulation remained high and demand for cash payments, which fell sharply during 2020 as the Covid pandemic hit, retreated less in 2021. The analysis is based on the latest ‘red book’ figures, collected in the latter half of 2022 but covering 2021.
“Despite the move towards digital
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