Chris Clark, the group executive for Asia Pacific at payments company Visa Inc., says he sees himself and his company fighting a battle against cash and checks. Visa and rivals such as MasterCard have managed their greatest success in South Korea, where nearly 70 cents of every dollar is spent through electronic payment systems. He sees a great opportunity in emerging economies such as Myanmar and Vietnam, where tourists typically arrive with wads of cash, as the concept of electronic payments is only just picking up steam. He also faces a huge challenge in Japan, a developed economy where cultural norms still lean…
Visa Aims to Boost Electronic Payments
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