Ajay Banga loves to talk about the wonders of a cashless society, but every now and then it can backfire. At his first offsite leadership meeting after taking over as president and CEO of MasterCard, he gave his senior team a spirited speech about the downside of cash—it’s hard to track; it’s used for drugs, weapons, and tax evasion; and it’s expensive to make (just the cost to produce and distribute it can run the central bank of an average country up to 1.5% of GDP). 2,054 more words
Tags » Mastercard
The infographic we published last week demystifying NFC, BLE and QR isn’t the only such visual tool currently making the rounds in the mobile payments space. 264 more words
This is to inform all candidates who applied for the 2014/2015 admission into the institution and made The Federal Polytechnic, Ede their first or second choice and scored 150 and above in the last Unified Tertiary Matriculation Examination that the post UTME screening exercise will hold from 12th to 16th August 2013. 247 more words
London Tops MasterCard Global Destination Cities Index as Most Visited City
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London tops the list as the destination of choice for international travelers for the third time in four years, according to the annual MasterCard Global Destination Cities Index released today.