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Andrea McGeachin Commercial Director OPEN THE VIRTUAL DOORS TO CASH
Cash spent online delivers significant growth
 
 
What do the businesses gain from accepting cash? ,[object Object],[object Object],[object Object],[object Object],%  UK Population  TOTAL MALE FEMALE Social Grade C2 20.7%  9,964 5,395 4,570 Social Grade D 16.2% 7,819 3,712 4,107 Social Grade E 8.1% 3,916 1,435 2,481
Cash online reaches rest of the world  67% of EU adults do not have a card to use online  South Africa Population 49m and 80% use prepay as methods to buy online Brazil population 203m and 37.4% online Cash is key requirement Russia - 91% of card users only use to get cash out of the ATM Australia Over 60% of 55+ age group fear fraud online
Cash brings security to merchants ,[object Object],[object Object],[object Object],[object Object]
[object Object],[object Object],[object Object]
Comparing pre and post-paid solutions Post paid has to wait for customer to go to shop before any goods can be shipped.  2 part payment flow.
Managing risk and compliance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Similar risks and targeting by fraudsters as cash in banks; the companies take risk management seriously
Cash Solutions PrePaid Cards What is it Geography reach Benefits Costs to consumer Other considerations Pre-Paid voucher No registration £5 - £500 48,000 POS – UK 500,000 + in 55 countries  Assured funds Variable values Simple user experience Change given ZERO Smart Voucher patented solution for promotional usage Post-paid  No registration UK only  35,000 POS Assured funds Simple user experience ZERO Merchants can get logistics issues awaiting user to go and pay, or not. Pre-paid voucher  No registration £20 - £100 26,000 UK POS 250,000 EU Assured funds Simple user experience 2% Part of the Paysafe Group Pre-paid voucher/card No registration 26,000 UK 350,000 POS in 26 countries  Assured funds No registration ZERO Use CashTicket in E-Commerce category Post-paid  No registration 26,000 UK  Assured funds ZERO Only available to merchants on PSP platform Pre-paid Registration required 20,000 – 26,000 UK Card process  2%-6% various fees Consumers not really seeing as a cash solution yet
Cash online growth 12x overall eCommerce growth over 3 years  ,[object Object],[object Object],[object Object],[object Object]
Thank You

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Economic Risk Factor Update: April 2024 [SlideShare]
 

Open the doors to cash

  • 1. Andrea McGeachin Commercial Director OPEN THE VIRTUAL DOORS TO CASH
  • 2. Cash spent online delivers significant growth
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  • 6. Cash online reaches rest of the world 67% of EU adults do not have a card to use online South Africa Population 49m and 80% use prepay as methods to buy online Brazil population 203m and 37.4% online Cash is key requirement Russia - 91% of card users only use to get cash out of the ATM Australia Over 60% of 55+ age group fear fraud online
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  • 9. Comparing pre and post-paid solutions Post paid has to wait for customer to go to shop before any goods can be shipped. 2 part payment flow.
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  • 11. Cash Solutions PrePaid Cards What is it Geography reach Benefits Costs to consumer Other considerations Pre-Paid voucher No registration £5 - £500 48,000 POS – UK 500,000 + in 55 countries Assured funds Variable values Simple user experience Change given ZERO Smart Voucher patented solution for promotional usage Post-paid No registration UK only 35,000 POS Assured funds Simple user experience ZERO Merchants can get logistics issues awaiting user to go and pay, or not. Pre-paid voucher No registration £20 - £100 26,000 UK POS 250,000 EU Assured funds Simple user experience 2% Part of the Paysafe Group Pre-paid voucher/card No registration 26,000 UK 350,000 POS in 26 countries Assured funds No registration ZERO Use CashTicket in E-Commerce category Post-paid No registration 26,000 UK Assured funds ZERO Only available to merchants on PSP platform Pre-paid Registration required 20,000 – 26,000 UK Card process 2%-6% various fees Consumers not really seeing as a cash solution yet
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