And so we pay: more digital and faster, with cash still in play

From bis.org

Driven by changing user demands and technological advancements, digital payments, and fast payments in particular, have been on the rise for years.2 Yet cash has continued to play an important role as a means of payment. This CPMI Brief highlights key retail payment trends as observed in the 2023 Red Book statistics. These statistics were collected in the second half of 2024 from member jurisdictions of the Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and are publicly available in the BIS Data Portal. 3 The Brief starts with an overview of the use of cashless ... (full story)