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Economy Society

To Control Your Spending This Holiday Season, Stick With Cash

T’is the season to spend money — but is there a way of lessening the “pain of paying”? Economist Jay L. Zagorsky shares his thoughts — and preference for cold, hard cash.

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In The News

China Speeds Toward A Cashless Economy

BEIJING — Two events this spring, seemingly unrelated, together offer a snapshot of where China has arrived in finance-related technology, commonly referred to as “fintech.” On April 17, the Bank of Communications, one of the largest Chinese banks, launched a new “mobile credit card” product, making it the first bank to make a credit card’s […]

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Economy

The Small Colombian Town That Stopped Using Cash

Concepcion is the first place in Colombia where the vast majority of transactions involve electronic banking via mobile phones, staying well ahead of even northern Europe.

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