MasterCard is wary of mobile commerce

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MasterCard does not see mobile commerce platforms as a replacement for credit cards Mobile commerce is gaining traction throughout the world, but MasterCard’s global chief, Ajay Banga, is not yet convinced that people should replace their credit cards with smartphones. Mobile commerce has managed to attract support because of its convenient nature, allowing consumers to shop for and purchase products using only their mobile devices. This has provided consumers with an effective way to shop online from wherever they are and has streamlined the e-commerce experience for some retailers. Mobile…

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