It may no longer be the case that cash is king on a global stage but, in some markets (particularly developing markets, like India), it’s still doing quite well — as consumers are spending trillions of dollars’ worth of it a year. Digital is making inroads
India, China and their powerhouse Asia-Pacific neighbors boast a massive regional cash economy, with residents spending a total $5.6 trillion in cash in 2016. But with some of the region’s governments demonetizing high-value notes and encouraging the use of digital
Americans who travel to China will find one thing somewhat unusual: In restaurants, stores and markets, people will take out their phones instead of credit cards when they’re ready to pay.
Visa says its service is “close to normal” again following a system failure which left customers across Europe unable to make some purchases. The company apologised and said it had no reason to believe the hardware failure was down to