Tag: cash
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EU to implement cash payment limit
EU to Implement Cash Payment Limit Recently, the European Union (EU) has announced its decision to implement a cash payment limit as part of its efforts to combat money laundering and illicit financial activities. The new regulation aims to further strengthen the EU’s Anti-Money Laundering (AML) framework by imposing greater restrictions on cash transactions. It…
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BearingPoint survey: Cash is the most used payment method in Europe
A recent survey conducted by BearingPoint, a leading European management and technology consulting firm, has revealed that cash remains the most widely used payment method in Europe. Despite the growing popularity of digital payment options, cash continues to dominate the payment landscape in the region. The survey, which was conducted across 10 European countries, found…
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Travelex reveals that Australians rely on cash for abroad payments
Travelex Reveals that Australians Rely on Cash for Abroad Payments A recent survey conducted by Travelex, one of the largest foreign currency exchange companies, has unveiled that an overwhelming majority of Australians still heavily rely on cash as their preferred payment method when traveling abroad. Despite the rise in digital payment options, it seems that…