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Imagine a world without cash

Imagine a world without cash. No more wallets full of crumpled bills, no more fumbling with change at the grocery store, no more worrying about losing your money on a night out. It might sound like a dream come true for some, but what would a cashless society really look like?

David Hensley Founder at Enryo Limited

Could Artificial Intelligence bridge our digital divide?

Artificial intelligence (AI) is one of the most transformative technologies of our time. It is already being used to automate tasks in a wide range of industries, from healthcare to manufacturing and more recently finance. It is having a major impact on the digital world, with applications such as social media algorithms, search engines, and virtu...

02 October 2023 /retail /inclusion

David Hensley Founder at Enryo Limited

The rise of the Super Apps

Super apps are mobile applications that offer a wide range of services, including messaging, social media, e-commerce, and financial services. They are becoming increasingly popular in Asia, where they have already become essential tools for everyday life. For example, the Chinese super app WeChat is used by over 1.2 billion people to send message...

25 September 2023 /payments /inclusion

David Hensley Founder at Enryo Limited

The role of digital wallets in promoting financial inclusion

Financial inclusion is the ability of individuals and businesses to access affordable and appropriate financial services. It is essential for economic development and poverty reduction. However, billions of people around the world remain unbanked or underbanked, meaning they do not have access to formal financial services. Digital wallets are a ty...

18 September 2023 /payments /inclusion

David Hensley Founder at Enryo Limited

Are satellites payments the future for improved financial inclusion?

As payments become increasingly cashless we inevitably become more reliant on technology. This highlights the challenge that we need the ability to make cash-like payments offline without access to the internet. Many commentators see this as the holy grail of digital payments. The first satellite payment is generally believed to have been made in...

11 September 2023 /payments /inclusion

David Hensley Founder at Enryo Limited

Fintech appears to offer very little to the older consumer but at last the gap is starting to close

The fintech revolution has transformed the way we bank, invest, and manage our finances. But while fintech has been embraced by younger consumers, older adults have been slower to adopt these new technologies. A survey conducted in 2022 by PWC for the 2022 Global Fintech Adoption Survey* highlighted the clearly highlighted this gap:- 18-24 66.6% ...

28 August 2023 /payments /inclusion

David Hensley Founder at Enryo Limited

Seigniorage : The last roll of the dice for cash

In simple terms, seigniorage is the profit that a government or central bank makes from issuing currency. It is the difference between the cost of producing the currency and the face value of the currency. For example, if it costs a government £0.10 to produce a £1, then the seigniorage for that is £0.90. Surprisingly seigniorage is considered a ...

21 August 2023 /risk /inclusion

David Hensley Founder at Enryo Limited

The benefits of increasing digital payments

Digital payments are becoming increasingly popular all over the world. In 2022, the global digital payments market was valued at over $7 trillion and is expected to grow to over $10 trillion by 2028. There are many benefits to increasing digital payments, including: Convenience: Digital payments are much more convenient than cash or checks. You ca...

14 August 2023 /payments /inclusion

David Hensley Founder at Enryo Limited

The negative impact of decline

The decline of cash access in communities is a growing problem, with a disproportionate impact on rural and deprived areas. This is due to a number of factors, including the increasing digitization of payments, the closure of bank branches, and the withdrawal of ATMs. The move to digital payments has been driven by a number of factors, including t...

07 August 2023 /people /inclusion

David Hensley Founder at Enryo Limited

The challenges with implementing a cashless society

The move towards a cashless society is gaining momentum around the world. Governments, businesses, and consumers are all seeing the benefits of a digital payments system, such as increased efficiency, security, and convenience. However, there are also some challenges that need to be addressed before a cashless society could be fully realised. One ...

31 July 2023 /payments /inclusion

David Hensley Founder at Enryo Limited

The impact of a cashless society on our economy

A cashless society is one in which most or all transactions are conducted electronically, with little or no use of physical cash. This trend is already underway in many countries around the world, and it is likely to continue in the years to come. There are a number of potential benefits to a cashless society. For one, it could help to reduce crim...

24 July 2023 /payments /inclusion