THE INTERNATIONAL CURRENCY ASSOCIATION IS THE VOICE FOR THE GLOBAL CURRENCY INDUSTRY

Advocating for the global use of cash, by creating awareness of the value of cash as a trusted public good

THE INTERNATIONAL CURRENCY ASSOCIATION IS THE VOICE FOR THE GLOBAL CURRENCY INDUSTRY

Advocating for the global use of cash, by creating awareness of the value of cash as a trusted public good

THE INTERNATIONAL CURRENCY ASSOCIATION IS THE VOICE FOR THE GLOBAL CURRENCY INDUSTRY

Advocating for the global use of cash, by creating awareness of the value of cash as a trusted public good

ICA Sustainability Charter

Cash is a public good – it promotes social inclusion and protects personal freedom and privacy. Around the world, cash is used in the vast majority of payments. It should also be as sustainable as possible across its supply chain.

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Global Currency Forum

The GLOBAL CURRENCY FORUM, created by the ICA, is a future-focused, thought leadership event addressing the future role of cash in a rapidly changing payment landscape.

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Cash Matters

Smart and online technologies are changing the way we pay, however, cash is still the most attractive means of payment for a huge majority of people worldwide. We look at 10 key reasons for the relevance of cash. 

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U.S. food delivery company DoorDash has announced the addition of cash on delivery to payment options on its Drive service, saying the move is in response to customer demand and will also benefit its drivers.

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Next week on 28 March, the European Parliament will vote on legislation that could severely limit the use of cash. If passed, it will restrict personal rights and financial autonomy across the EU.

Get the full story on our website.

Cash is essential to the American Dream! US political website The Hill recently examined the pros and cons of cashless options, making the case for cash in supporting equality and privacy.

Read the full story on our website.

Nigeria continues to face major challenges surrounding access to cash. Today, we explore why—although Nigerians are in favour of expanding payment options—cash remains essential to daily life.

See the article on our site.

Money Clinic podcast host @ClaerB recently explored whether ‘going cardless is the ultimate budgeting hack’ and if cash is poised to make a comeback as people seek empowerment through greater control of their finances.

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Major global payment companies Mastercard and Visa are reportedly facing a fresh lawsuit, this time alleging they overcharged businesses for credit and debit card fees.

See our website for the full story.

The Reserve Bank of New Zealand is exploring new ways to strengthen access to cash in the wake of a devastating cyclone that left thousands without power or telecoms coverage, rendering cashless payments unusable.

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A white paper published today by the International Currency Association offers practical steps policymakers worldwide can take to protect the availability and acceptance of cash, supporting it as a pillar of economies and a public good.

See the full story on our website.

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ICA Sustainability Charter

Cash is a public good – it promotes social inclusion and protects personal freedom and privacy. Around the world, cash is used in the vast majority of payments. It should also be as sustainable as possible across its supply chain. The ICA Sustainability Charter adopted at the ICA’s Annual General Meeting (AGM) in 2020 specifies our global industry aims and commitments on sustainability.

Many companies in the currency industry are already making progress on sustainability, but for the first time, the Sustainability Charter holds the industry to an agreed framework that encompasses economic, environmental and social equality aspects which all need to be addressed simultaneously.

It recognises that cash plays a key role in integrating every citizen of the world into a global economic system, by providing safe, reliable and largely accessible means of payment. Specifically, the ICA membership commits to a number of ambitious goals. The charter calls on members to:

  • Promote adoption of circular economy principles by designing waste and pollution out of the production process with sustainable solutions and recycling initiatives;
  • Integrate sustainability criteria throughout all aspects of current and future processes and projects;
  • Reduce our environmental footprints by reducing consumption of water and raw materials, re-assessing the chemicals used in production and increasing recycling;
  • Decrease emissions through innovation and new technologies, increased use of renewable energy and introduction of emissions reduction objectives

The ICA – as an industry body with members around the world – commits to actively support and apply Corporate Social Responsibility (CSR) best practices by following best practices for our sector and for society at large. This charter aims to reflect that.

Cash Matters, the pro-cash movement by the ICA

Cash Matters was launched in May 2017 and is a global movement which presents easily accessible, factual and well-designed content. Through its Cash Matters website and social media channels it has become the most popular and renowned  source of information for anything on cash. Target groups are experts from the currency industry, decision-makers in politics and governments, analysts, journalists as well as the broader public.

Among the content provided by Cash Matters are two videos on the role of cash in society, Cash Matters and Choice Matters. Cash Matters also issued studies in cooperation with the Institute for Money, Technology and Financial Inclusion (IMTFI) at the University of Irvine, California, which have proven instrumental in shaping the sociopolitical debate on cash such as “Keeping Cash: Assessing the Arguments about Cash and Crime” and “Virtually Irreplaceable – Cash as Public Infrastructure”.

Global Currency Forum

The GLOBAL CURRENCY FORUM, created by the ICA, is a future-focused, thought leadership event addressing the future role of cash in a rapidly changing payment landscape.

The inaugural event from the 2-5 May 2022 in Port Aventura welcomed more than 450 participants from around the world including more than 70 Central Banks and State Print Works.

With more than 40 expert speakers from inside and outside the industry, our agenda focus on the role of cash in a changing society, cash cycle efficiency & innovation and best practices in sustainability & design gave participants the opportunity to discuss and debate many critical issues affecting the role of cash.

Thank you to all our GCF partners for your support in creating a truly innovative and unique event for the currency industry!

For more information on the what’s next for the GCF watch this space!

Want to Join Us?

Membership of the ICA is open to legally-incorporated companies and businesses (but not to individuals or consultants) that are suppliers of currency, or suppliers of products, technologies and equipment used in the design, production, handling and circulation of currency.

Trade or industry associations or other organisations and institutions such as universities, foundations and NGOs can be co-opted as associate members.

All prospective members must be a legitimate company and have an established interest and business in currency. All membership applications will be validated by the Board in a Board meeting.

All members must also agree to abide by the Code of Conduct.

Founded by leading currency suppliers, the ICA welcomes any company – providing it meets the conditions for membership – willing to contribute to achieve the goals of the association.

Take a leading role in the creation of industry forums which best serve the strategic business interests of currency service and product suppliers

Membership Fees

  • (Annual turnover over €10m) €33,000
  • (Annual turnover under €10m) €11,000
  • Annual fee Associated members €1,000