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Italian Banks Pushing Plastic Declare ‘War on Cash’

Cash is king in Italy, a lesson Massimiliano Romano learned when he tried to pay for a cab with a credit card at Rome’s main train station.

“I thought my cards would be enough,” said Romano, head of research at brokerage Concentric Italy in Milan. “But I had to let 10 people go in front of me in the line before I found a driver who would accept a credit card.”