Digital payment failures – we need a viable face-to-face banking model

Our recent research paper on Britcoin examined several of the failures in the digital payments industry that have gone unresolved.

The paper is entitled ‘CAPTURE – BigTech and Digital Payment Giants dominate the committees evaluating the replacement of physical cash with ‘Britcoin’ – a UK ‘Central Bank Digital Currency’’.You can find a click-through to the full paper here:http://www.lyddonconsulting.com/capture-a-major-new-paper-on-the-committees-considering-a-uk-central-bank-digital-currency/

The digital payments industry seems to enjoy the […]

The anti-cash lobby – Migrant Remittances and COVID-19

While the
anti-cash lobby are busy like performing seals applauding the supposed shift to
digital payment means that COVID-19 will usher in, a concern that has gone
under the radar is that it must be possible, during the pandemic, for
remittances to flow, and quickly, and without massive fee deductions, from
members of a community that wish to render financial […]

The anti-cash lobby – Migrant Remittances

Recent extent of spread of COVID-19

Migrant Remittances are associated with Money Services
Businesses (“MSBs”), where the migrant in question delivers cover for the
payment order in cash, and the MSB transfers the proceeds to the beneficiary,
typically friends and family in the country that is home to the counterpart
community of the one in the sender’s country to which […]

The anti-cash lobby – national or international authorities as fellow travellers

In a previous blog I cited, as fellow travellers of the
anti-cash lobby, national or international authorities charged with enabling
the meeting of UN Development Goals, and accepting that the way these will be
met is through Fintech, rather than on the back of cash.

A prime example of such a national organisation is the UK’s
DfID or the Department […]

The anti-cash lobby – principals

It must be absolutely obvious who are the principals in the campaign
to eliminate cash – it’s the card issuers and the card brands. Both have
serious financial interests in play.

In the UK the major banks have reduced their branch networks and with it their ATM estates – to cut costs. Theirs is a major cost reduction […]