Cash is here to stay - plastic cards are on the way out

Written on the 29 January 2020

Germany's largest bank, Deutsche Bank, has made some interesting predictions recently.

"When people discuss the future of payments they tend to predict the end of cash. Our view is different. Not only do we think cash will be around for a long time, we see the transition to digital payments as having the potential to do no less than rebalance global economic power."

The bank found that people still have a deep-rooted trust in paper and coins, especially during uncertain times. Their survey also showed that people like cash because it allows them to more easily track their spending. Click here to find out more