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Australia, developing markets leading cash killers says MasterCard president
Australia's tap-and-go explosion and developing countries' use of biometric identification are at the vanguard of credit card companies' bid to kill cash, according to MasterCard's president of international markets, Ann Cairns.
On one of her constant circuits of the globe, MasterCard's president of "the rest of the world" outside the US, said Australia along with several developed countries like Sweden, Canada and developing markets that have "leapfrogged" traditional banking, are the fastest innovators in payments at the moment.