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VISA, MASTERCARD EXPECS MOBILE PAYMENT TAKEOVER

10 June
2013
Posted by
Admin
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World electronic payment giants Visa and MasterCard claimed that mobile payment would reduce the overwhelming attachment to cash starting this year.

The government is planning to grant two licenses to two international telecommunications firms on June 27, paving ways for mobile payment in the country which has very less mobile coverage.

“It may well be that mobile acceptance is goint to be the way to go,” Matthew Driver, MasterCard’s Southeast Asia chief is quoted as saying by Bloomberg.

Visa and MasterCard also attended three-day World Economic Forum on East Asia hosted for the first time in Nay Pyi Taw.

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