"Cost of Cash for Retailers Will Increase by 50% in the next Three-To-Five Years," Says Payments Experts CMSpi

CMSpi’s Polymer Planning Summit, which brought together many of the UK’s biggest retailers, highlighted that the new living wage, rising interest rates and the transition to polymer banknotes will all force up the cost of cash.

United Kingdom, [Press Release] - Retailers are facing huge disruption and cost implications over the next three-to-five years as a series of developments in the cash industry impacts business operations. Though consumer cash transactions are in decline, the cost of cash will begin to increase for retailers, driven by rising interest ...

To continue reading, sign up for MEDICI Inner Circle and get free access for 7 days.
100,000+ FinTech professionals trust MEDICI Inner Circle to stay up to date on the latest in financial services.