Tag: Cashless

Why Your Bank Should Lead Your Customers To Go Cashless

Cash Management

More and more businesses in the US have stopped taking cash. Unfortunately, this trend is being capitalized on by the likes of Square, Paypal, Visa and others when it should be prime consulting territory for treasury management department at banks. Cash handling usually costs between 5% and 12% of expenses plus slows down the number of processed customers. In places like Sweden, only 20% of the retail shops still take cash, and the US will be following suit.

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