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The European Commission' s report dealt with the risks of money. “ But I ignore them, I' m covered in that department.

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Markets in the Middle East and Africa, or MEA, are passing through the transition from cash- based systems to electronic payments, with mobile banking holding the future, says an industry specialist. Rajeev Kumar, general manager at MasterCard for MEA, said about 85 to 90 per cent of retail transactions.

Travel Money and Foreign Currency order online and in- store. FRANKFURT, Feb 14 ( Reuters) - Cash no longer makes up most of the money spent in Germany, a Bundesbank study showed on Wednesday, denting a historical supremacy over other means of payments rooted in the country' s longing for privacy and freedom.

The Bundesbank has been a staunch.

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