Cash & Payment News in March

Cash & Payment News™ this month follows two main themes, payments and cash in a pandemic, along with a range of CashTech and other stories.

The lead article reviews a paper by cashless advocate Kenneth Rogoff on the implications for advanced economies in the long-term trend of value being stored in cash, pointing to his frequently expounded view that cash is used for criminal intent and tax evasion.

On the payments front, the edition leads with three stories about the fees charged and market behaviour of Visa and Mastercard, demonstrating the perception that they use their market power but that it has limits. Walmart’s ambition to take on some of the roles of a banker is covered, along with how the Ant group has run into problems in China doing just that.