Tuesday, October 23, 2012

Card is coming to our shore

CARD have been part of our daily life activities especially in the developed countries. Everyday, we used cards for commuting, paying money for daily expenses, borrowing books at public library, accessing EPR expressway for drivers, making phone calls, among others. We keep minimum cash in our wallets for small expenses and where cards are not accepted. Anyway, those high tech card make our life easier and convenience against cash-only nature in part. It is undeniable. My country used only cash in daily routine including business/trading. It make our people carry ton of cash for things they want to buy or service they use. As a result of international sanction, there is no choice but use 19th century method. Now, together with political reforms, our country's financial sector also got fresh treatment to upgrade with the help of international experts. 

Last week, our authority has shown green light to card heavy weight company to come invest in our market. It include famous Visa, Master, etc. Definitely, this latest movement will change our people's life significantly because our people are disgusting to use deteriorating money in the market. Hope, the card culture will spread among public quickly. In the mean time, 19 private banks are keeping to upgrade their service so that they can convince people use their service in the competitive market. Despite most of people are very poor and far away from saving, open economy will quickly create jobs and middle income families. As the people's income rise, the banking culture will also rise directly. Anyway, I am happy to see quickly changes of banking sector within country which is badly missed for extra long time in past. May our people able to enjoy the card technology asap.

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