China has already been doing it for quite sometime, in fact they...

China has already been doing it for quite sometime, in fact they uses wechat(China's equivalent of whatsapp) and bonded it with their bank account to pretty much pay for anything and everything. My Chinese friend even find it inconvenient travelling in SouthEastAsia because he has to carry cash all the time.

In regards to Eftpos, there is so much that Stargroup can expand into (sitting at 1%), but will that affect ATM's revenue? I suppose the direction of the future is heading towards a cashless society, so getting the source code ready is definitely an head start.

Cheers,