3.667 bln devices run Mobile Cash!

MobileCash is a revolutionary product. It enables users to use their mobile phones as a computer. MobileCash opens up a whole new world of possibilities.

Continent:

Africa

MobileCash is a mobile app that provides an electronic payment system for microfinance facilities in South Africa. MobileCash provides a convenient way for microfinance clients to receive payments from microfinance institutions (MFIs). At the same time, it enables MFIs to collect loan repayments, savings, and other payments from clients.

South Africa 53M

53 millions

Asia

Mobile cash is a wide concept. It refers to any financial instrument that works on mobile phones, other mobile devices, or the internet. This largely includes prepaid electronic money.
The coverage of mobile cash varies by region, but the largest share of mobile cash users is in Asia. In 2017, over 4 billion people were using mobile cash in India, China, Indonesia, the Philippines, and Vietnam.

China 1357M

Hong Kong 7M

India 1252M

Indonesia 250M

Malaysia 30M

South Korea 50M

2946 millions

Europe

Mobile cash is already in use in many European countries. In 2010 Sweden and Denmark started pilot projects using mobile cash. Germany, Austria, Switzerland, and Norway followed in 2011. In 2012, France started a mobile money pilot project.

France 66M

Germany 81M

Poland 38M

Spain 47M

United Kingdom 64M

296 millions

North America

Today, nearly 354 million people in North America use cash. In a world of electronic payments, cash still plays a crucial role. If we include Canada and Mexico, the share is closer to 30 percent.

Canada 35M

United States 319M

354 millions

South America

The application is currently implemented in Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Guatemala, Mexico, Panama, Paraguay, Peru, and Uruguay and is currently in the process of being rolled out to the rest of Latin America.

Chile 18M

18 millions

Conclusion

Cash, therefore, is far from dead.