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(From Business Recorder)
Pakistan State Oil has been a pioneer in taking technology-driven initiatives. The company has been relentlessly pursuing to capitalise on technological advancement by heavily investing into innovative products and solutions such as Cards, Retail Automation, ERP Solution, etc.
Fifty years ago, the world saw the inception of plastic money with credit and debit cards. This has enabled a gradual transition from coins to paper to plastic. As can be seen, in the last 30 years, society has adopted cards as a new form of payment, which is easier and more convenient than cash or cheque. THIS EVOLUTION HAS BEEN SIGNIFICANT FOR TWO REASONS:
-- It enabled individuals to leverage credit
-- It is the first form of purely electronic money to exist since time began.
New technologies are emerging - such as contactless chip …