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MasterCard to lift contactless payment limit by 2017

Cashless Payments, NewsBy SMI 09/09/2015

A press release issued by MasterCard yesterday talks of their plans to enable limitless contactless payments across Europe by 2017. MasterCard states that during the second quarter of 2015, contactless payments, also known as “Tap & Go”, grew by 170% year on year across Europe. They also state that the value of euro contactless payments…

MasterCard president says ‘cash is dying, slowly’

Cashless Payments, NewsBy SMI 12/05/2014

The President of MasterCard International Markets, Ann Cairns, has recently discussed the impacts of alternative payments on the use of cash, saying that “cash is dying, slowly”. In an interview with International Business Times (IBTimes) TV, Ann Cairns said that the use of paper and cash as a payment medium accounts for 85% of the…