February 21, 2024


Demand for cash payments will remain resilient in 2021 despite the continued surge in cashless payment methods, the Committee on Payments and Market Infrastructures (CPMI) said.

The Basel-based group found that cash flow remains high, with demand for cash payments falling sharply in 2020 due to the coronavirus pandemic, but falling back to a lesser extent in 2021. The analysis is based on the latest “Red Book” data, collected for the second half of 2022 but covering 2021.

“Despite the shift to digital