Having been in the card an online payment industry for over 25 years and seeing in my own lifetime the change of the banking industry moving to electronic payment and card payment in particular, it has always the perennial question has always fascinated me on when cash will become a very minor mechanism for the…
So a man walks into a shop and says to the shopkeeper “I’d like to buy that electric drill in your window and pay with my MasterCard”. “Certainly Sir”, the shopkeeper replies and starts to pack the goods. “Actually”, the customer says, “I’ve changed my mind, I think I’ll pay in cash”. “Oh, I’m so…
It is very easy to say that the Alternative Payments Methods; Mobile, Square, iZettle, e-Commerce, Cloud Wallets etc., are approaching mass and will “replace” cards in the future. Appropriate historical analogies could be: “Cards are the end of Cash” – a statement recurring for about 40 years, or even the “Chip is the end of…