Cash will soon be consigned to the history books, predicts Telefónica's German arm as it prepares to roll out mobile person-to-person and NFC payment services.
Rene Schuster sure is an optimist... It has taken a long, long time for cash to drop below 60% at most physical points of sale. Why should Germans now suddenly abandon their trusted cash ("nur bares ist wares") for this?
to GBP £80K base, double OTELondon, UK or Madrid, Spain
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