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20 Million PayPass Devices Issued
MasterCard announced the issuance of the 20 millionth MasterCard PayPass device globally. PayPass is now accepted at more than 80,000 merchants in 20 countries. This latest milestone is consistent with the results of a “Global Cash Usage Survey” conducted in 2007 by KRC Research and commissioned by MasterCard, designed to gauge global attitudes towards the use of cash versus alternate payment methods as well as to determine consumer interest in using new technologies such as contactless payment technology.