Mastercard Is Axing the Magnetic Strip… in 2033 ...Middle East

For the longest time, credit cards relied on magnetic stripes, but with the rise of the more secure chip and contactless payment methods, the writing has been on the wall for magnetic stripes. Mastercard has officially announced that it will start phasing magnetic stripes out in 2024, with the remainder of stripes going away in 2033.Read This Article on How-To Geek ›

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Last updated : 17 August 2021 clock 05:46 PM

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