28 Aug 2023
The fintech revolution has transformed the way we bank, invest, and manage our finances. But while fintech has been embraced by younger consumers, older adults have been slower to adopt these new technologies. A survey conducted in 2022 by PWC for the 2022 Global Fintech Adoption Survey* highlighted the clearly highlighted this gap:- 18-24 66.6% ...
21 Aug 2023
In simple terms, seigniorage is the profit that a government or central bank makes from issuing currency. It is the difference between the cost of producing the currency and the face value of the currency. For example, if it costs a government £0.10 to produce a £1, then the seigniorage for that is £0.90. Surprisingly seigniorage is considered a ...
14 Aug 2023
Digital payments are becoming increasingly popular all over the world. In 2022, the global digital payments market was valued at over $7 trillion and is expected to grow to over $10 trillion by 2028. There are many benefits to increasing digital payments, including: Convenience: Digital payments are much more convenient than cash or checks. You ca...
07 Aug 2023
The decline of cash access in communities is a growing problem, with a disproportionate impact on rural and deprived areas. This is due to a number of factors, including the increasing digitization of payments, the closure of bank branches, and the withdrawal of ATMs. The move to digital payments has been driven by a number of factors, including t...