Saturday, February 25, 2006

P+S-News 34... a new Mondex-like try to eliminate cash..

The 34th edition of Payments and Settlements News has a lot on the recent SEPA statements of the ESCB and the Commission (see elsewhere on this blog).

But is also features this Mastercard press release that outlines a trial to eliminate cash by introducting a contactless debit card for payments below Eur 15.

Which looks as if, more than 10 years after the Mondex trial, there's another attempt to kick out cash. Well, let's wait and see if this one will fly....