Amazon launches new cash Service
EEUU, 19/04/2017
Amazon recently launched "Amazon Cash", a service that allows customers to load cash on their online account instead of linking it to a bankcard. With this new offer,
Amazon aims to give access to its services to people who do not own a bank account or are not used to digital payments. According to the Federal Deposit Insurance Corporation (FDIC), about 27% of Americans are unbanked.
Amazon Cash will be available at various retailersacross the US including CVS Pharmacy, Speedway and Family Fare Supermarkets. To load money on their account, customers simply need to show a barcode to the cashier - printed or in their smartphone - and choose the amount they want to add. Up to $500 can be charged at a time. The uploaded funds are available for online purchases instantly, without a fee.
Source: amazon.com
Three quarters of euro area payments are made in cash
EUROPE, 06/04/2017
Speaking on the occasion of the launch of the new € 50 banknote, Mario Draghi, President of the European Central Bank stated "Though electronic payments are becoming more popular, cash is still our most important means of payment. A soon-to- be-published survey on cash use, carried out on behalf of the ECB, shows that over three-quarters of all payments at points-of-sale in the euro area are made in cash. In terms of transaction values, that's slightly more than half. So even in this digital age, cash remains essential in our Economy."
The estimate is based on comprehensive research by the European Central Bank and the National Central Banks of the euro area and exceeds previous estimates. The Cash Report published by G4S estimated that 60% of all payment transactions were settled in cash, in 2015, throughout the 28 Members States of the European Union.
The importance of cash as a payment instrument is reflected in the increase in demand. "And this is particularly the case for the €50 note, which is our most important denomination. There are more than 9 billion of them in circulation, accounting for 46% of all euro banknotes. That's more than the total number of banknotes issued at the
Cash usage rebounds as digital modes slide
INDIA, 12/04/2017
time of the euro cash introduction in 2002." said Mario Draghi.
Source: ECB
ATM use may reach pre-note ban level
Cash withdrawals from automated teller machines (ATMs) have further increased in February 2017 to Rs. 1.93 lakh crore from Rs. 1.52 lakh crore in January, data from Reserve Bank of India (RBI) showed, and is on track to reach the pre-demonetisation levels.
Following the withdrawal of high-value currency notes from Nov. 9, 2016, cash withdrawals from ATMs almost halved in that month as compared with October and further dipped in December. At the same time, use of debit cards on point-of-sale terminals more than doubled to Rs. 58,031 crore in December from the October levels.
Source: thehindu.com
The German government justifies the existence of cash
ALEMANIA, 06/04/2017
Central banks, according to the report, would not save costs with the abolition of cash. "The issuance of cash, with the exception of the one cent coin, brings benefits to the ECB,"
"Increased use of electronic payment possibilities, according to the report, should be left to market players and their intervention would only be justified if there were serious distortions. On the other hand, the abolition of cash to combat the underground economy is "disproportionate ", The economists point out.
Source: bmwi.de
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CASH
Highlights of the quarterSales increased 25%,with
organic growth of 16%
EBIT improvedin both
absolute and relative figures
Net debt reduced by €191 Mnversus December 2016
2
CASH
Consolidated GrowthMillion Euros
Total Sales Total New Products
16,2%
+25%
1,4%
7,8%
487
+56%
39
388 25
Q1 16
Org
Inorg
FX Q1 17
Q1 16
Q1 17
Double-digit organic growth benefited bynon-recurring impacts in different geographies
% sales
6% 8%
Bolt-on acquisitions in Australia
Positive currency effect in almost all our geographies, adding extra growth
New products gaining momentum increasing its
weight within our product mix
3
CASH
Prosegur Cash SA published this content on 05 May 2017 and is solely responsible for the information contained herein.
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