By contrast, the US number is a fraction of 1%. But even in countries where card use is widespread, the cards are used for very small transactions and account for a small share of overall payments. Many countries have adapted their commercial codes to electronic money products. They have protocols for dealing with fraud, loss, theft, other disputes and privacy disclosure requirements.
Many of these countries have anti-money-laundering provisions and unlike the United States, most have ruled that deposit insurance does cover electronic money products. While it is difficult to generalize, the countries where stored-value products seem to have made the biggest inroads are small, implying that electronic money systems work better in a natural closed system or in isolated areas.