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Visa will pay some merchants to go cashless

July 17, 2017

Visa Inc. is doing its best to usher in the cashless future.

The credit card giant has announced a new initiative, called the Visa Cashless Challenge, which will incentivize small merchants to move away from cash payments. Using an application-based format, Visa will award approximately $10,000 each to 50 eligible U.S.-based small business food service owners, including food truck owners.

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