Business Services Industry
France Takes Shot at Cashless Society.
Knight Ridder/Tribune Business News, February, 2003
By Kim HouseGo, Daily Camera, Boulder, Colo. Knight Ridder/Tribune Business News
Feb. 2--PARIS--France is leaping toward a cashless future with a nationwide launch this year of computerized "smart cards," a concept that has so far failed to entice many American, British and German consumers.
The chief idea behind this new breed of microchip-embedded plastic is simple -- to dispense with pocket change and speed smaller transactions.
Dubbed "Moneo," the French electronic purse cards were first introduced two years ago in a handful of small regions. In November, the service expanded to include Paris.
About 850,000 consumers now regularly use Moneo cards at 80,000 grocery shops, parking lots or vending machines, says Pierre...
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