Tag: Cash

Retail Asia08/01/2024
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1min0
Wholesaler Metcash has appointed Kylie Wallbridge as the new CEO of its liquor division, effective in March. Metcash’s liquor segment includes the Cellarbrations, IGA Liquor, and The Bottle-O brands. Wallbridge will replace John Barakat, who has been the acting liquor CEO since the early retirement of Chris Baddock due to health reasons. Currently, Wallbridge serves as the […]

Retail Asia12/08/2022
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3min0
As cryptocurrencies were booming, the number of cryptocurrency ATMs grew accordingly. Now that Bitcoin & Co are trading well below last year’s highs, the pace of installations is waning. There are currently around 39,000 cryptocurrency ATMs installed worldwide, corresponding to a nearly 4,000 percent increase since 2017. But since the beginning of 2022, installation rates […]

Retail Asia09/06/2022
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2min0
In a country where cash has been king for decades, Deutsche Bank will stop allowing customers to pick up cash at its counters. There is a German adage that Geld Stinkt Nicht, which translates into money doesn’t stink, and helps to explain the country’s strong, and perhaps a stereotypical, preference for cash over the years. […]

Retail Asia22/12/2021
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1min0
BNP Paribas is exiting its U.S. retail business providing its expansion plans with a financial boost. The French bank is selling its U.S. Bank of the West – for $16.3billion to Bank of Montreal, it said in a statement Monday With the sale proceeds BNP Paribas could be on the lookout to buy a smaller tech […]

Retail Asia04/06/2021
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2min0
A new study by the payments giant reveals the growing popularity of digital payment methods such as online wallets, mobile contactless payments and QR code payments among Singaporeans. The ongoing Covid-19 pandemic is hastening the demise of cash-based transactions in the city-state by at least four years, Visa said in its Consumer Payment Attitudes Study, […]

Retail Asia21/01/2020
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3min0
DBS helps further propel Singapore’s cashless movement by introducing quick response code-based payments for the business-to-business segment. The bank hopes to boost payment speeds and is piloting the solution first in the F&B industry – a sector with limited penetration with nine out of 10 payments still being made through cash or bank transfers, according […]

Retail Asia04/12/2019
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2min0
The bank said that globally, Singapore has among the highest share of millionaires whose main source of income is their salary, and they prioritize self-enrichment over wealth accumulation. Based on its research that Singapore’s rich are not just focused on becoming wealthier but experiencing life, HSBC Singapore is launching new banking and lifestyle features to […]

Retail Asia18/06/2019
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3min0
Vingroup’s loyalty program VinID has acquired digital wallet app MonPay, a central bank source says.  The takeover procedures have been completed but did not disclose its form and value. Earlier this week, a new feature called “My Wallet” has appeared on the VinID app where customers can accumulate points from goods and services bought from […]

Retail Asia07/06/2019
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3min0
A Singapore fintech turns brick-and-mortar shops into alternative ATMs, potentially saving banks millions of dollars in maintaining their cash logistics. Banks can now tap on SoCash’s apps and existing brick and mortar point-of-sales to save on the huge costs associated with maintaining ATMs and the physical circulation of cash. So let’s say there are 3,000 ATMs in Singapore and […]

Retail Asia15/10/2018
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5min0
Cashmaster Asia today announced the Introduction of Cashmaster QR-Connect, a QR code application providing enhanced software functionality for its Cashmaster One range of count-by-weight cash counting devices that offers an innovative, simple solution to integrating with back office or POS systems. When installed, count data is presented as a QR code on the display of the […]

Retail Asia20/06/2018
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2min0
The Australian dollar has slipped a little further against its US counterpart as the spat between the US and China over trade hurts commodities and commodity currencies, including the Aussie. At 0635 AEST on Monday, the Australian dollar was worth 74.46 US cents, down from 74.57 US cents on Friday. Westpac analysts say the tension […]

Retail Asia20/06/2018
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3min0
Australian consumers are accelerating their shift towards digital payments and away from cash and cheques, with new figures showing paying by card has surged while people make fewer trips to the ATM for cash. Consumers made more than 8.3 billion card payments in 2017 – equal to a rate of almost 23 million transactions a […]

Retail Asia12/06/2017
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7min0
Cashmaster, one of the leading companies in the global cash-management sector, is demonstrating the transformational cost and time savings that retailers can enjoy when using its latest range of cash-counting scales, Cashmaster One, at Retail Asia Expo (RAE). It is also unveiling Cashmaster Connect, its new cash management application which gives retailers greater ‘real time’ […]


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