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Digital Payments

Can E-Money Do to Banks What Amazon Did to Booksellers?

Tilman Ehrbeck | Posted 01.23.2014 | Technology
Tilman Ehrbeck

When people trust digital means of payment people start going "cash-lite." That's why mobile money is spreading in a number of developing economies, and why 40 percent of Americans now typically carry less than $20 cash in their wallets.