Banknotes and coins—physical cash—don’t appear to be dying some kind of slow death, according to research from the Bank for International Settlements (BIS) and the situation in Canada—although a country very fond of its credit cards and payment innovations—follows the global trend.
“Despite all the technological improvements in payments in recent years, the use of good old-fashioned cash is still rising in most [though not all] advanced and emerging market economies,” said Hyun Song Shin, economic adviser and head of research at the BIS, in a statement.
