Tagged: cashless society

Qatar Fintech Hub Continues to Receive Applications, As Nation Prepares for Cashless, Knowledge-based Digital Economy, Banking Exec Confirms

The Qatar Development Bank (QDB), an institution offering financial services, banking and loans for the development of the Middle Eastern nation’s industrial, tourism, educational, health care, (and other sectors), recently confirmed that it aims to accelerate the digital transformation of the financial services industry in… Read More

Consumers Might Shift Financial Holdings to Stablecoin Denominated Assets if Existing Payments Systems aren’t Improved, Sweden’s Riksbank Says

In February 2020, Sweden began piloting an electronic version of its national currency, the e-krona. The European nation’s government had confirmed at that time that the e-krona was a step closer to its official launch as a central bank digital currency (CBDC). Riksbank, the central… Read More

Digital Transformation: Australia Might Be On Track to Become a Cashless Economy like Sweden due to COVID-19

Bank branches and ATMs might continue to disappear across Australia as the COVID-19 outbreak is expected to accelerate the shift towards a cashless economy. Local news outlet 7NEWS Sydney reports that the use of cash has been reduced by over 50% due to the Coronavirus… Read More

United States is Expected to Lose its Top Rank as Largest Cashless Society by Next Year: Study

The United States is reportedly expected to lose its top rank as the largest cashless country and society in the world to nascent Asian markets by next year. Cashless transactions in the US are projected to increase by 4.7% to reach $184 billion by 2020,… Read More

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