The first issue of 2025 explored opportunities for a digital transformation in currency management through the use of data and analytics.

Cash processing plays a crucial role in Pakistan’s financial system, ensuring liquidity, security, and public confidence in an economy where physical currency remains widely used. Despite the growing adoption of digital financial services and a determined push by the government to reduce dependency on cash, it continues to dominate daily transactions, particularly in the informal sector (which generates over 40% of GDP).

The presentation at HSP Latin America by Ian Brigham of Spectra Systems covered the new house note that has been produced by Casa da Moeda do Brasil on its Fusion™ polymer substrate. The ‘Boa Sorte’ note incorporates a level 3 taggant unique to Fusion as well as, for the first time, a new level 1 optical security feature from Oberthur - Kryptonome™.

Hanoi-based Q&T Hi-Tech Polymer is the newest entrant to the market for polymer substrate market, and is already supplying its POLYSECURE® product for Vietnam’s banknotes. At the recent Currency Conference in Bangkok, the company unveiled its latest innovation – POLYSECURE® SHIELD.

Banknote security is an undisputable must. But what are the developing trends in banknote security, and how are industry suppliers meeting these challenges?