Author(s): Diebold Nixdorf
Published By: Diebold Nixdorf
Publication date: June 4, 2019

Critically for financial institutions (FIs), as internet usage has exploded and mobile phone access has skyrocketed to more than five billion people around the world (with research showing mobile internet access will reach five billion users by 20252), cash in circulation has also grown.

There is an estimated $7.6 trillion in currency circulating the globe with usage forecasted to grow through 20223. Cash use continues to be seen around the world from developing to developed economies.In fact, despite new avenues for payments and transactions, the number of notes in circulation has doubled since 1996.

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