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"We were looking at the extent to which consumer payment habits were changing," Ms. Driskill said, adding that "historically, cash and checks have been the dominant payment mechanism".
The dominant payment in every country is for old-age pensions, and the amount depends on how well-developed private sector pensions are.
OF ALL the truly great financial franchises in the world, owning a dominant payment mechanism in China surely ranks near the very top.
How this came to be is largely a result of a successful if controversial strategy hatched decades ago by Visa, the dominant payment network for credit and debit cards.
The company is partnering with UnionPay, the overwhelmingly dominant payment network in China (ahead of Visa, MasterCard and American Express).
Until this happens, COD will remain the dominant payment method in Southeast Asia.
The world's dominant payment institutions are preventing people from donating to Wikileaks.
Back in 2008, cash-on-delivery (COD) was still the dominant payment method in China making up over 70% of payments.
Ride-sharing to payments may seem like a curious expansion, but it is entirely logical in emerging markets where there is no single dominant payment system.
Until local financial institutions and/or e-commerce players get their act together in terms of payment platforms, COD will remain the dominant payment methods covering over 80percentt of total payments.
Uber's push to grow in emerging markets is an obvious driver for it to expand a cash payment option — given cash remains the dominant payment option for many people in these markets.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com