The PYMNTS.com Global Cash Index™, a Cardtronics collaboration, focuses on the use of cash for making payments and as a payment method that equally plays a role with cards, checks, direct debit and other methods of settling up between consumers and businesses. Unlike most reported estimates of cash, our proprietary data analysis focuses on the use of cash for making payments rather than hoarding.
Asia Pacific Analysis
Key Findings Include:
Countries in Asia Pacific region are estimated to spend $8.1 trillion in cash in 2020 marking a 7.5 percent CAGR.
China and India collectively spent $4.7 trillion out of the $5.6 trillion used in cash payments in the Asia Pacific region in 2015.
By 2020, India will become the biggest user of cash in the region.