News Archive 2025

The yawning shortfall in the number of Banking Hubs is undermining many communities around UK, though that will be no consolation to Sioned Williams in the Swansea Valley. Hundreds of communities that should have Banking Hubs are not simply getting them. Taking a wild guess, it would seem likely that by the end of 2025 LINK Scheme Ltd will have nominated slightly more than the 250 sites for Bank....

Kenya takes action to legally guarantee cash is accepted. Every one of the UK’s immediate neighbours has already taken steps in the same direction. Meantime in the UK, where a LINK Scheme Ltd survey just revealed that 71% of British adults see cash as vital for personal freedom, a government run by The Labour Party tries to maintain the position that the whim of individual businesses dicta....

Unfortunately, this sentence badly undermines the value of the potential US cash acceptance legislation: “The proposal provides an exception if there is "a device that converts cash into prepaid cards" without any fee.” The vast majority of those who WANT to use cash already have cards. They don’t WANT to buy another one using cash. I have seen this nonsense first hand in New....

Excellent survey carried out by YouGov for LINK Scheme Ltd. Congratulations to LINK for asking the right questions, ones the UK’s Regulators have NEVER asked. How about this for a verdict of the British public: “71% see cash as vital for personal freedom.” Or this “67% feel cash gives them the reassurance to fully understand the cost of what they are paying for.”....

A quote about a rise in rural prosperity in India: “The significant increase in currency in circulation points to a strong recovery in rural economic activity". For all the strenuous efforts of the misguided Indian PM Modi to “demonitise” India, along with the hype about the digital payment system UPI, cash remains vital in India. “Cashless” is dead in India, thoug....