Central Banking

Mobile phone plan may hasten cashless society

EUROPE - The FT in London reports on 28 June that three major mobile phone manufacturers are negotiating with leading banks so that mobile phones can be made to act as a type of creidt card.

Europe's leading banks will move a step closer to a cashless society today when they unveil plans to turn mobile telephones into credit cards.

If the recommended technology - supported by mobile makers Nokia, Ericsson and Siemens - catches on there will be no more fumbling for change at the till. Instead, a

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