17 Results from 2023
David Hensley Founder at Enryo Limited
2023 witnessed a curious phenomenon in the world of payments: cash made a comeback. After a decade of steady decline, the use of coins and notes saw a slight increase, defying predictions of a fully cashless future. This mini-renaissance, however, needs to be examined within the context of a rapidly evolving payments landscape dominated by digital...
27 December 2023 /payments /retail Imagine a world without cash
Amidst the Digital Age, Cash appears to have made a brief comeback, not unlike the end of the resession in 2008. In a world increasingly dominated by digital payments, the news of a resurgence in cash usage might seem counterintuitive. However, recent data from the BRC suggests that cash is making a "comeback", with a 7% increase in the ...
07 December 2023 /payments /predictions Imagine a world without cash
Credit unions are member-owned, non-profit financial cooperatives that provide a wide range of financial services, including everyday banking, and savings accounts, loans, credit cards, and investment products. According to the latest statistics from the Association of British Credit Unions Limited (Abcul), there were 246 credit unions in the UK. ...
23 November 2023 /retail /inclusion Financial Inclusion
As with the rest of the world the number of cash payments has been declining in Norway for many years, what is interesting is that for such a low cash use (currently less than 3% of all payments) there is still a healthy coverage of ATMs with Norway ranked 8th in the world with 1 ATM for every 1,125 adults. Whilst not the best indicator of the q...
24 October 2023 /people /inclusion
Artificial intelligence (AI) is one of the most transformative technologies of our time. It is already being used to automate tasks in a wide range of industries, from healthcare to manufacturing and more recently finance. It is having a major impact on the digital world, with applications such as social media algorithms, search engines, and virtu...
02 October 2023 /retail /inclusion Imagine a world without cash
Super apps are mobile applications that offer a wide range of services, including messaging, social media, e-commerce, and financial services. They are becoming increasingly popular in Asia, where they have already become essential tools for everyday life. For example, the Chinese super app WeChat is used by over 1.2 billion people to send message...
25 September 2023 /payments /inclusion Imagine a world without cash
Financial inclusion is the ability of individuals and businesses to access affordable and appropriate financial services. It is essential for economic development and poverty reduction. However, billions of people around the world remain unbanked or underbanked, meaning they do not have access to formal financial services. Digital wallets are a ty...
18 September 2023 /payments /inclusion Imagine a world without cash
As payments become increasingly cashless we inevitably become more reliant on technology. This highlights the challenge that we need the ability to make cash-like payments offline without access to the internet. Many commentators see this as the holy grail of digital payments. The first satellite payment is generally believed to have been made in...
11 September 2023 /payments /inclusion Imagine a world without cash
The case for introducing a universal access to payments index The traditional view of going digital is unsettling to many because it represents a fundamental shift in the way we interact with the world. For centuries, we have been accustomed to interacting with physical objects and spaces. We have held books in our hands, made purchases and spoken...
04 September 2023 /sibos /inclusion
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% ...
28 August 2023 /payments /inclusion Imagine a world without cash
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