Via Scoop.it – Location Is Everywhere
Okay, so cash isn’t going to disappear anytime soon, but 2012 looks to be a pivotal year in the transition towards a world where we have options besides just cash and credit.
Via techland.time.com
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New Zealand is a bit different to many countries in that wee were one of the first countries in the world to mass adopt EFTPOS. It is very normal for people to not carry much if any cash. I rarely have a cent of cash on my. The main reason I used to carry cash was for car park meters but they all allow me to pay by either credit card or mostly by TXT message so don’t need to do that any more.
Ironically companies like MCommerce in New Zealand have had to go off shore to get interest after years of development and promotion locally. They will be a leader but because of lack of support from banks and telco’s they have now been sold to an American company.
We were a world leader in EFTPOS, I think we will be behind when it comes to NFC or other mobile wallet technologies. There was an attempt by MasterCard to set something up for the Rugby World Cup but it didn’t really happen.