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Apps News: Hyperinflation meets tech: Cash-scarce Venezuela sees boom in payment apps

CARACAS (Reuters) - Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash. In tech hubs from San Francisco to Tokyo, payment is conveniently made through software on phones and watches on a routine basis. Amid a…



Posted: 2018-02-15 13:14:08

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People from vegetable sellers to taxi drivers have registered to use mobile payment applications to attract customers who do not have enough paper money, which is in short supply during the country's economic crisis. Matthew Larotonda reports. People from ...

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CARACAS (Reuters) - Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash. In tech hubs from San Francisco to Tokyo, payment is conveniently made through ...

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Wed, 14 Feb 2018 16:00:00 GMT

CARACAS (Reuters) - Widerven Villegas and his brother wash some 30 cars a day at a parking lot in Caracas. Despite charging less than 50 cents, nobody pays them in cash. In tech hubs from San Francisco to Tokyo, payment is conveniently made through ...



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