Cash Isn't Going Away Any Time Soon. Here's why:
Cashless proponents have sounded the death knell for cash for at least two decades, but their predictions have been premature. To be sure, digital forms of payment have received a boost in recent years but have not succeeded in completely displacing coins and paper money. It’s unlikely cash will be entirely displaced anytime soon – if ever.
The need for legal tender remains high in a variety of settings, including small retail shops, convenience stores and environments where tipping is common. Cash has proven resilient despite threats over the years from a variety of alternatives, including credit and debit cards, online payment systems and digital wallets.
Current State of Cash
Future of Cash
Cash in Circulation
There is over $2.40 trillion in circulation as of 1-6-21
Cash is Inclusive
7.7% of the U.S.'s households are unbanked
Cash vs. Cards
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View Supporting Global Cash Articles and Stats
Review our collection of industry reports and supporting data on global cash usage.
Recent Blogs Related to Cash
Read our latest blog posts for APG's take on global cash use, cash management best practices and innovative technology for managing cash at the point of sale.
Cash is King in 2019: United States
Cash is the most convenient, inclusive and agnostic form of payment for small purchases, which is why it is used in most transactions under $10.
Video: Seven Situations Where Cash is King
Cash has proven resilient despite threats over the years from a variety of alternatives, including credit and debit cards, online payment systems and digital wallets. Here are seven reasons why cash is king.