Blog of Masterwork Automodules

  Written by Michelle Selina Cash usage is a top-of-mind concern for the ATM and other industries. For years, various countries and governments have been declaring to use other payment instruments, not cash. Cash usage saw a significant dip in 2020 due to digital adoption but has since stabilized, representing 16% of global transactions as of 2023. However, this figure varies significantly by region. Notably, ATM withdrawals have become larger but less frequent, reflecting a shift in how consumers handle cash. Cash is increasingly seen as a fallback resource or tool for specific needs rather than an everyday payment method. Where is cash headed in 2025? Despite the rise of digital payments, cash remains a critical part of the global financial landscape. Its role has evolved, but it still serves as a backbone for financial security, inclusion, and accessibility. While the digital economy accelerates, cash continues to meet the needs of diverse consumer groups, from those valuing...

Written by Michelle Selina In 2024, the global economy faced various highs and lows, yet some countries stood out for their resilience and exceptional performance. Many nations grappled with challenges like inflation, supply chain disruptions, and political instability. However, a select few managed to thrive, showcasing strong growth and adaptability. Let’s explore the factors that contributed to their success and key trends shaping the global economic landscape. Top Economies of 2024 1. Spain Spain emerged as the best-performing economy among OECD nations, achieving remarkable GDP growth and lower unemployment rates. A booming tourism sector and structural reforms played pivotal roles in this success. Spain also made strides in renewable energy, attracting international investments. However, challenges such as high public debt and stagnant per capita GDP growth persist. Key Driver: Record-breaking tourism revenues contributed significantly to Spain’s GDP. 2. United States Th...