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The headline I have borrowed from a nice article by Suzanne Cluckey on ATMmarketplace.com(*). Despite the “cashless” trend in some of the developed countries, in many other countries, the volume of the cash in circulation is growing up. Even if the usage of cash in is shrinking, surprise surprise, the cash management related expenses are growing up, as it is stated by McKinsey & Company(*). The Company has also stated the cost of cash represent 5 to 10% of the bank’s overall operating cost (2). Therefore, if the cost of cash can be lowered even by 10 %, it can...
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