An article relating to this blog post on Finextra:
China emerges as a growth market for non-cash payments
China is fast catching up with the US and Europe as a growth market for non-cash transactions, according to the latest edition of the annual World Payments Report from The Royal Bank of Scotland, Capg...
China has shown what can be done when you are determined in many fields - from infra to business to high tech.
In EU we need much more levers to get the obvious things happening. Cash is costing merchants some 50 €billion per year - and of course every cent of this is paid by the consumer. Transparent pricing would show it to him -and help him to move to cheaper
tools) and should be advocated by every consumer organization around.
The mobile device will be cheaper than plastic in the endgame - and it always there and always connected to Internet anyway.