The future of cash and consumers in todays era

The cash industry is evolving at a significant pace. In a society that is prone to the digital and rapidly evolving into a techno-centric society- is physical cash dying out and becoming obsolete?

The role of cash and the modes of access to funds are constantly adapting and ever-changing. From technological innovations, financial institution restructuring, consumer behaviour changes, access to cash and the increase in alternatives means of accessing funds all play a role in the future of physical cash.

Some of the topics to be addressed at the event include:
• The alternatives and developments in the cash and payments industry that have been threatening the existence of cash
• Innovations and technologies that the cash industry is going through
• local and global trends cash face and the South African cash industry has to deal with
• The risks faced within the cash handling industry

Excerpt from MoneyWeb- Is cash still king?

”There is much talk about becoming a cashless society; consumers are asking whether the banknote will still be a valuable commodity in the future. Children are worried about their parents keeping cash in the house and not embracing technology. The dangers of travelling with cash and risk of loss are often communicated. Beyond 2020, trends predicted include non-cash payment methods and removing the circulation of cash (and as a result, the guns and crime) from society.”

Email the project manager, Jason Joseph at Jason@tci-sa.co.za to find out more information. Alternatively call 011 803 1553 and speak to the marketing coordinator for exhibition, sponsorship or media partnership deals.

More Info link:: https://www.tci-sa.co.za
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Author: Sian Wirth from Trade Conferences International. Originally distributed by MyPR.co.za.

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