That's ok, most people in this world don't even have a bank account. In some developing countries mobile payments is more popular than developing countries. Change takes time.
I mean it's crazy though right? Cheques and stinky hard cash are still much much better for frequent small to medium B2B transactions than any electronic means.
It is. But the only reason is that electronic cash is still complicated to use. The moment it will be as simple as swiping a credit card, and we will get there, it will be widely used.