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Developing World Leapfrogs to Cashless Society

Major credit card companies are expanding their efforts in emerging economies to help move from traditional cash exchange to electronic processing of transactions.  From merchants in local markets to full service commercial bankers, credit card companies are encouraging new technologies to facilitate the growth of electronic accounts. According to Michael Fiore, MasterCard’s Executive Vice President of Global Product, there is a good reason the emerging countries to want money...

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