Exhibit 2 The vast majority of payments in emerging economies use cash, while digital payments are widely used in advanced economies % of total transactions by volume, 2014 Share of digital payments—global aggregate Share of digital payments—by country 50– Advanced Emerging 100% Norway 78 Australia 77 Denmark 62 Belgium 61 Sweden 57 Only 2% of global population Netherlands 57 lives in countries where United Kingdom 55 majority of transactions are Canada 53 made digitally (>50%) United States 49 Estonia 47 France 47 South Korea 40 Germany 33 25– Japan 32 50% Argentina 22 Brazil 20 Spain 20 Poland 17 Chile 15 Hungary 14 South Africa 11 3 of 4 people live in countries 15– Mexico 11 with only marginal usage of 25% Russia 11 digital payments (<5%) 5– Malaysia 10 15% Saudi Arabia 6 China 4 Peru 4 0–5% Romania 3 Philippines 2 Indonesia 1 0 20 40 60 80 100 India <1 Nigeria <1 Global population Pakistan <1 % of total Ethiopia <1 SOURCE: McKinsey Global Payments Map; World Bank; McKinsey Global Institute analysis DUPLICATE from ES 20 McKinsey Global Institute 1. The limited scope of finance in emerging economies today