Think cash is dead? think again

Much like vinyl sales, book sales and the return of the Nokia 3310 last November, it seems that using cash for purchases is on the increase.

Last month, G4S released their Global Cash Report *, and it makes for interesting viewing. 
Just about everywhere in the world shows an increase in Cash In Circulation between 2011 and 2016. 

Even New Zealand shows a 7% rise year on year!

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What does this mean for NZ businesses?

Well, I think it shows that new technologies can exist alongside the old ones and businesses need to be aware of not cutting off this method of receiving income that a lot of people like to use.

In the report, Chief Exec of G4S's Global Cash Division was quoted as saying:  People trust cash; it’s free to use and readily available for consumers, it’s confidential, it can’t be hacked and it doesn’t run out of battery power​. 

Can't say fairer than that.

* www.g4s.com/en/media-centre/news/2018/04/17/global-cash-report

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