More ePayments – but still more Cash? Well thats interesting. :)

Finextra.com has a piece which basically says that while cash-less payments are growing so is the volume of cash in the European markets. That is nothing new but I like the fact that it is spelled out loud, as we otherwise here only the tooting of the near end of cash and that Governments want to ban cash altogether. Apparently (and who would have thought), merchants and of course the consumers have a word to say in this – which leads to another interesting observation Finextra made: Cash costs too much. So why not make handling cash more efficient – and cheaper? Perhaps thats not a necessity as the handling cost for cash are usually hidden in other budgets than the one for payments, which makes the cost of cash with cards for instance somewhat impossible today. But read for yourself.

„European cash processing needs root-and-branch reform“

 

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