Our money is in so many places, bank accounts are just part of the story and cash is everywhere, or is it? Are we moving to electronic payments for everything?
If cash is disappearing, do we need to do anything else in coinr to aggregate the total picture of your finances? Well lets look at the arguments from both sides, the global picture is pretty amazing.
Globally visa, amex, mastercard and the others are taking more and more of your wallet flow. They have increased reach, range and hence convenience, ironically credit card fees and bank fees which once looked like dropping now look like they are back on the increase partially because their market power is so great. But a flood of new competitors (more…)