Global Cash Market

Global Cash

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

Cash is great store of value in uncertain times.

Demand for cash is growing in absolute terms and cash in circulation as a % of GDP in relative terms has increased from 8.1% in 2011 to 9.6% in globally.

Typically if a ChangeGroup branch refunds and exchanges $20m a year, 80% of that money will be spent in the mall, with dramatic benefits to retailers.

Total Value of Euro Banknotes in Circulation (€ Billions)

Total Value of Euro bank notes in circulation table showing that in 2002 281 billion notes were in circulation rising to 625 billion in 2007 then 883 billion in 2012 and rising to 1.25 trillion in 2019

* Source: European Central Bank, 2019 

Cash use spectrum

This is a chart showing cash use spectrum with 90-100% cash being used in India, Italy, Russia, Saudi Arabia, UAE, Colombia, Egypt, Greece, Indonesia, Kenya, Malaysia, Mexico, Nigeria, Peru, Poland, South African, Taiwan and Thailand. 55 – 70% cash usage occurs in USA, Germany, Australia, Korea. Graphic showing reasons many international shoppers prefer to pay in cash which are; 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 does International Tourism Matter?

A series of 5 graphics explaining why does international tourism matter? It represents 10% of GDP, it involves 1 in 10 jobs globally, it makes USD 7.6trillion contribution to the global economy per year, 6% of worldwide exports and 30% of service exports are due to international tourism.

 

A graph showing that UNWTO tourism towards 2030 actual trend and forecast 1950 – 2030. It shows it is starting from a low level approaching 0 in 1950 to raising to a total of 940million international tourist arrivals in 2010, 1.4 billion tourist arrivals in 2020 and 1.8 billion tourist arrivals in 2030. Throughout the forecast period Europe represents the largest amount of arrivals followed by Asia and Pacific, followed by the Americas, then the Middle East and then Africa
* Source: World Travel & Tourism Council 2017.