For all of the talk about the mobile payments revolution, most of the world still deals in cash. About 85% of world retail transactions are still done with paper currency and the payment processors are smacking their lips to make up the gap.
The problem with digital payments in emerging markets is most people do not have proper bank accounts. Yet, they are likely to have mobile phones. MasterCard announced today a partnership initiative to turn those phones into payment processors. Walk into a store anywhere in the world and...
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Published By: readwriteweb - Wednesday, 22 February
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