Euros used mainly for e-commerce and transport

E-commerce is one of the main areas where users have begun conducting transactions in euros, according to new information from Europay International. According to the group's analysis, Eurocard-Mastercard holders have mainly used the euro to pay road tolls and purchase goods via mail, telephone and the Internet. All of the Internet transactions were conducted across borders in Europe.

E-commerce is one of the main areas where users have begun conducting transactions in euros, according to new information from Europay International.

According to the group's analysis, Eurocard-Mastercard holders have mainly used the euro to pay road tolls and purchase goods via mail, telephone and the Internet.

Many analysts have suggested the euro will spur the adoption of electronic commerce in Europe, since customers will be able to purchase goods from other countries without needing to convert currency. All of the Internet transactions reported by Europay were conducted across borders in Europe, according to spokeswoman Gilliane Palmer.

Other areas where cardholders are using euros include general retail, airlines, hotels and restaurants, said Europay in a release issued last week. Europay is the association representing organisations that issue Mastercards and smartcard-based electronic purse cards.

France emerged as the location having the most euro transactions, with Belgium in second place, and Germany in third.

The Dutch were most likely to pay in euros when going abroad, followed by German cardholders and the British. A total of 64 countries worldwide have settled euro-based transactions, with the largest number of transactions by cardholders from outside Europe made by US citizens, followed by Canadians, Argentineans, Brazilians and Japanese.

Europay International, based in Waterloo, Belgium, can be reached at http://www.europay.com.

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