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David Hensley

Founder

Enryo Limited

Member since

10 Jul 2023

Location

Warrington

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David's opinions

The Demise of the Denarius? The Evolving Role of Coin Currency in a Digital Age

The rhythmic jingle of coins, once a constant companion to commerce, is fading into a fading memory. The rise of contactless payments and digital wallets has relegated the ubiquitous coin to an increasingly uncertain future. This trend compels us to consider a thought-provoking question: are we witnessing the end of an era, akin to the pivotal shi...

07 May 2024 /retail /inclusion Imagine a world without cash

Did the 2019 Access to Cash Review go far enough?

In 2019, under the stewardship of Natalie Ceeny we published the "Access to Cash Review", sparking discussions about the future of cash in a rapidly digitising world. This blog delves into the report's impact, analysing its success in addressing concerns and charting a path for continued access to cash. The Need for the Report The rise o...

23 April 2024 /sustainable /inclusion Imagine a world without cash

The Financial Services Revolution

Its five years since we published the Access to Cash Report - Is Britain ready to go cashless? Those past five years have witnessed a whirlwind of innovation in the financial services industry. Fueled by technological advancements, shifting consumer demands, and a regulatory landscape embracing change, this era has fundamentally reshaped how we int...

26 March 2024 /retail /inclusion Imagine a world without cash

If I could improve one thing this year

If I could improve just one thing in the payments industry this year, it would be fostering greater financial inclusion through seamless integration and accessibility. Now this might sound broad, but that is intentional as it encompasses several key aspects: 1. Bridging the gap between the "banked" and "unbanked: Millions of individu...

09 January 2024 /payments /inclusion Financial Inclusion

My Crystal Ball for Payments: Key Predictions for 2024

2023 saw the payment industry in a whirlwind of innovation, with open banking on the rise, BNPL facing regulatory scrutiny, and the war for digital wallets intensifying. As we peer into the future, 2024 promises to be just as exciting, with several key events poised to reshape the landscape. Here are five predictions for the year ahead: 1) Real-ti...

08 January 2024 /payments /predictions Trends in Financial Services

What 2024 could mean for the cash industry

The outlook for the cash industry in 2024 is a complex tapestry woven with threads of decline, resilience, and potential adaptation. Here are some key things to watch out for: Continued Decline: Cashless adoption: The trend towards cashless payments is likely to continue, driven by the convenience and security of digital transactions. Mobile walle...

03 January 2024 /payments /predictions Imagine a world without cash

Cash in 2023: A Mini-Renaissance Amidst Digital Domination

2023 witnessed a curious phenomenon in the world of payments: cash made a comeback. After a decade of steady decline, the use of coins and notes saw a slight increase, defying predictions of a fully cashless future. This mini-renaissance, however, needs to be examined within the context of a rapidly evolving payments landscape dominated by digital...

27 December 2023 /payments /retail Imagine a world without cash

The real price consumers pay for living in a digital age

Amidst the Digital Age, Cash appears to have made a brief comeback, not unlike the end of the resession in 2008. In a world increasingly dominated by digital payments, the news of a resurgence in cash usage might seem counterintuitive. However, recent data from the BRC suggests that cash is making a "comeback", with a 7% increase in the ...

07 December 2023 /payments /predictions Imagine a world without cash

The rise of the credit union.

Credit unions are member-owned, non-profit financial cooperatives that provide a wide range of financial services, including everyday banking, and savings accounts, loans, credit cards, and investment products. According to the latest statistics from the Association of British Credit Unions Limited (Abcul), there were 246 credit unions in the UK. ...

23 November 2023 /retail /inclusion Financial Inclusion

Norway

As with the rest of the world the number of cash payments has been declining in Norway for many years, what is interesting is that for such a low cash use (currently less than 3% of all payments) there is still a healthy coverage of ATMs with Norway ranked 8th in the world with 1 ATM for every 1,125 adults. Whilst not the best indicator of the q...

24 October 2023 /people /inclusion