Month: May 2015

Finextra: Finextra news: Danish shops to be given right to refuse cash

Finextra: Denmark’s government is planning to help usher in the long-awaited cashless society by giving restaurants and some shops the option to refuse notes and coins. This is extremely interesting. As cities and governments gravitate towards digital money and become cashless societies this is perhaps the first time I am reading about such an initiative, whereby a …

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The Sandstorm that is blanketing the operations of money transfer companies

  Access to Banking: Denied. For the last couple of years, MTOs (Money Transfer Operators) are finding it difficult to have access to banking. Those that had access to banking, are being surprised one fine day, when their bank informs them, that they (the bank) can no longer keep the MTO as a client. No …

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