Global Cash Market
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)
* Source: European Central Bank, 2019
Cash use spectrum
* Source: MasterCard Advisors “Measuring Progress Towards a Cashless Society”.
Why does International Tourism Matter?
* Source: World Travel & Tourism Council 2017.