On November 22nd, 2017, the ATM Industry Association (ATMIA) will host its first ever Withdraw Cash Wednesday event, highlighting how using cash can help consumers improve their lives by taking control of their finances.
Knowing what is truly important to your customers is extremely valuable for financial institutions, since it puts you in a stronger, more informed position when it comes to making investment decisions.
Mobile is at the heart of what has been called a 'consumer-led revolution' in personal finances. In the UK alone, the past five years have brought a 354 percent increase in customer activity on mobile banking apps, according to industry association BBA
While many developed countries are rapidly embracing digital payments, to the extent that talk of a cashless society is now being seriously mooted in some countries, for emerging economies, cash is still very much king.
Despite some claims to the contrary, cash remains an essential part of the payments infrastructure around the world, particularly in economies where cards and other cashless alternatives have yet to really take off.