Management and control of cash in circulation. More and Money in physical form such as banknotes and coins. More technology provider G4S published the first World Cash Report analyzing data from 47 countries over the past 5 years.
The study finds that although digital A transfer of funds which discharges an obligation on the part of a payer vis-à-vis a payee. More volumes have been growing fast, cash transaction volumes are also growing, showing that consumers like using a variety of payment tools for their purchases. Indeed, G4S states that “there shouldn’t be any competition between cash versus non-cash, nor should it be an either/or proposition. There is simply a need to make payments in all circumstances, and both cash and non-cash payment instruments adequately fulfil this need” (p.130).
Overall, 17 out of 24 countries reported over 50% of transactions in cash. This number is up to 78.8% in Europe in terms of volume, and 53.8% in terms of value. The report also found that traditionally cashless companies and activities are beginning to offer cash payments as they widen their reach to appeal to the unbanked but also to consumers that have a preference for tangible From the Latin word moneta, nickname that was given by Romans to the goddess Juno because there was a minting workshop next to her temple. Money is any item that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular region, country or socio-economic context. Its onset dates back to the origins of humanity and its physical representation has taken on very varied forms until the appearance of metal coins. The banknote, a typical representati... More. For example, in the Arab world, 50% of online shoppers prefer Cash on Delivery. This number reaches 70% in Egypt.
A list of country fact sheets is provided at the end of the report.
To read the full report, download it here below.