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More govts opting for e-payments: MasterCard

Aug 29, 2012    

New Delhi: Governments world over are increasingly adopting electronic payment methods as an alternative to cash and cheque-based benefit programme, as a measure to save money and improve financial inclusion. The United States, Italy, Canada, United Arab Emirates and Romania are some of the latest examples of governments going paperless as a cost-savings opportunity and a method of addressing financial inclusion, MasterCard Worldwide said in a statement.Most recently, the South African Social Security Agency distributed more than 2.5 million debit cards to social grant recipients across the co...

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