Sep 20, 2026 · 58 min · 16 segments
Can Jamaica move beyond transshipment and enclave production to build an economy that creates more value at home? In this episode of Caribbean Business Review, former Minister of Industry, Investment…
Cash acceptance across the euro area actually increased 92% of businesses, even as mobile payment acceptance nearly doubled from 36% to 68%.
That's important because it challenges the idea that digitalization necessarily requires the displacement of cash.
In one of the world's most developed financial markets, the evidence suggests the two can coexist.
Digital payment options are expanding rapidly while cash remains almost universally accepted.
In some of our markets, digital transformation is increasingly being implemented as a binary choice.
But where card ownership, banking access, and digital payment utilization remain uneven, digitizing a service can inadvertently restrict access to it.
It should be cash and digital with a transition driven by adoption and convenience rather than exclusion.
Digital transformation should expand the ways people can transact, not reduce them.
Cash acceptance across the euro area actually increased 92% of businesses, even as mobile payment acceptance nearly doubled from 36% to 68%.
That's important because it challenges the idea that digitalization necessarily requires the displacement of cash.
In one of the world's most developed financial markets, the evidence suggests the two can coexist.
Digital payment options are expanding rapidly while cash remains almost universally accepted.
In some of our markets, digital transformation is increasingly being implemented as a binary choice.
But where card ownership, banking access, and digital payment utilization remain uneven, digitizing a service can inadvertently restrict access to it.
It should be cash and digital with a transition driven by adoption and convenience rather than exclusion.
Digital transformation should expand the ways people can transact, not reduce them.
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