Royal Bank of Scotland Group Plc, Britain’s biggest taxpayer-owned lender, apologized for a technical fault that left customers unable to access accounts and offered to compensate those who have lost money.
In Stockholm, the homeless now accept credit cards, Bloomberg News reports. Sweden’s high-tech economy has made bills and coins almost obsolete, so equipping the destitute with card readers -- a world first, apparently -- was a natural evolution.
A year ago, Myanmar had no automated teller machines and not a single hotel or restaurant able to swipe the credit cards proffered by throngs of foreigners arriving in the newly opened country, who instead had to bring crisp U.S. dollars to pay for everything in cash.
MasterCard Inc., the second-biggest U.S. payments network, has distributed 10 million South African debit cards that replace cash for social grant recipients as it boosts market share across Africa’s fastest-growing economies.