There are high up-front costs. For one, a bank must put all its data in digital form. Still, Asia is where the Internet is growing the fastest. The Industrial Credit and Investment Corp. of India launched its Infinity service in Oct. 1997 and now has about 6,000 customers. A user, for example, might buy a car online and arrange financing on the same site.
Nobody can withdraw real cash through the Internet.
But as cashless payment systems become common, that won't be a drawback. Net users will load up stored-value smart cards through the phone line. In other words, like losers. All Rights Reserved. Terms under which this service is provided to you.