How slowing down the cashless frenzy could ensure a more inclusive society in East Asia

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Yunzhong Cheng, Strategic Partnership Lead, Asia , World Economic Forum In Asia, South Korea is the cashless champion, while Japan remains loyal to cash. Elderly, rural and low-income groups lack the digital communications equipment, network access, and digital-finance […]

The benefits of a cashless society

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Mehul Desai, Group Chief Technology Officer, Finablr The first recognisable coins were produced in China more than 3,000 years ago. If you visit China today, however, there’s a strong chance you’ll see people paying for things using facial […]

These are the pitfalls of a cash-free society

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Rosamond Hutt, Senior Writer, Formative Content Buskers, street performers and homeless people taking contactless payments. Shops, cafes and restaurants no longer accepting cash. Parishioners making digital donations to their churches instead of dropping notes or coins on to […]

Can the next financial crisis be avoided?

The descent of prices in the world capital markets continued almost unhindered this past week and only last Friday financial, oil and commodity values gained some limited grounds. Altogether however, the major stock markets have erased trillions off their capitalization since last June, when the dark clouds gathered above the Chinese mega-cities of Shanghai and […]