디지털 세계의 지폐 전망(-2029년)

Key facts:

• While the use of digital forms of contactless payments continue to grow rapidly in economies around the world, the global currency-in-circulation also continues to grow year-on-year and currently stands at an estimated $40 trillion.
• Over 550 billion banknotes from 180 recognised global currencies are currently in circulation.

The production of new banknotes continues to grow globally, 3.7% CAGR during 2019-24. This comes despite the use of cash for point of sale (POS) payments declining globally for over a decade. Cash remains an important method for POS transactions in many countries, through preference or by necessity for the estimated 1.7 billion people who do not have access to banking facilities.

Cash retains an advantage over other forms of payment in that it is convenient, reliable and anonymous. Periods of global uncertainty have invariably seen an increased demand for cash as people look to protect against unforeseen emergencies.

Closures of local branches of banks and a shrinking network of ATMs is making access to cash more difficult in some countries. Some retailers are insisting on payment by digital methods only and governments are having to intervene to make the acceptance of cash payments a legal obligation.

Key Questions:

• Is the world heading towards a cashless society or will cash retain an important role in payment transactions well into the future?
• What technologies are being utilised by central banks to introduce new and more secure banknotes and combat the efforts of counterfeiters?
• How are developments in central bank digital currencies creating challenges that could impact the future of physical cash?

This report is essential to:

• Organisations active in the printing and distribution of cash
• Payment technology suppliers
• Central banks, state printers and mints

Table of Contents

Executive summary

Introduction and methodology

• Introduction
• Report scope
• Report objective
• Methodology
• Definitions
  • List of abbreviations

Key drivers and trends

• Introduction
• The functions of cash
  • Advantages of cash payments
  • Disadvantages of cash payments
• Digitalisation and digital currency
• Financial inclusion
• Demand for cash in times of crisis
• The paradox of banknotes
• Measuring the use of cash
• The future of physical currency

Technological advancements in banknotes and digital payments

• Introduction
• Banknote technologies
  • Levels of security
• Security features
  • DOVIDs
  • iPrint process & security inks
  • Security threads
  • Watermarking
  • Taggants
  • Others
• Digitalisation and digital currencies
  • Internet of Things
  • Industry 4.0
  • Mobile payments/digital wallets
    • QR codes
    • M-Pesa
• Digital currencies
  • Cryptocurrencies
    • Cryptocurrency advantages
    • Cryptocurrency disadvantages
  • Stablecoins
  • Central bank digital currencies (CBDC)
  • Distributed ledger technology
    • Blockchain

Regulations in the currency industry

• Introduction
• Regulations on the access to cash and its acceptance for payments
  • Europe
    • European Union
    • United Kingdom
  • North America
    • USA
  • Asia
    • China
  • Rest of the World
• Regulations on digital currencies
  • CBDCs
  • Crypto assets
    • Markets on Crypto-Assets Regulation (MiCA), European Union
    • United Kingdom
    • USA
    • Asia
• Anti-money laundering and combating the finance of terrorism (AML/CFT)
  • Cryptocurrency and AML/CFT

The future of cash cycles

• Overview
• Payment trends
  • POS transactions
  • e-Commerce
• Cash supply chains
  • Central banks
  • Commercial banks
    • The future of ATMs
  • Cash-in-transit
  • Currency-in-circulation
• Does the cash cycle have a future?

Geographic markets and forecasts by region

• Overview
• Europe
  • The eurozone
    • Germany
    • France
    • Spain
  • United Kingdom
  • Scandinavia
• North America
  • USA
  • Canada
• Latin America
  • Mexico
  • Brazil
  • Argentina
  • The Bahamas
  • Jamaica
• Asia
  • China
    • Hong Kong
  • India
• Australia
• Middle East and Africa