Our Market



Global Cash

  • Cash accounts for 85% of all consumer transactions worldwide (Retail, Transport, F&B, etc)

Key factors:

Availability and affordability of financial services

Affects whether people use bank accounts and electronic payment products

Macro-economic and cultural factors

Cultural desire to use cash such as ease of doing business and size of informal economy

Card Processors

Affects the number of businesses who accept and promote card services

Technology and Infrastructure

Quality, security and effectiveness of card payments

  • ChangeGroup is positioned to grow with the increasing adoption of electronic payments whilst continuing to support the global dependence on cash.

Cash use spectrum:

90-100% Cash

India
Italy
Russia
Saudi Arabia
UAE
Colombia
Egypt
Greece
Indonesia
Kenya
Malaysia
Mexico
Nigeria
Peru
Poland
South Africa
Taiwan
Thailand

85-90% Cash

Brazil
China
Spain
Japan

55-70% Cash

USA
Australia
Germany
Korea

40-50% Cash

Belgium
Canada
France
Netherlands
Singapore
Sweden
UK

Reasons Many International Shoppers Prefer to Pay In Cash

  • Identity theft
  • Card cloning
  • Privacy concerns
  • Poor exchange rates on cards
  • Budgetary control
  • Transaction denial
  • Card confiscation in error
  • Tipping staff

* Source: MasterCard Advisors “Measuring Progress Towards a Cashless Society”.


Why International Tourism Matters*


International Tourism Expenditure
Rank
Country
US $ Billion
1
China
164.9
2
United States
110.8
3
Germany
92.2
4
United Kingdom
57.6
5
Russian Federation
50.4
6
France
47.8
7
Canada
33.8
8
Italy
28.8
9
Australia
26.3
10
Brazil
25.6

International Tourism Receipts
Rank
Country
US $ Billion
1
United States
177.2
2
Spain
65.2
3
China
56.9
4
France
55.4
5
Macao (China)
50.8
6
Italy
45.5
7
United Kingdom
45.3
8
Germany
43.3
9
Thailand
38.4
10
Hong Kong (China)
38.4

UNWTO Tourism Towards 2030: Actual trend and forecast 1950-2030

* Source: World Tourism Organisation - UNWTO Tourists Highlights 2015.