incentives | Common News Update

Aug. 15 (UPI) -- South Korean President Moon Jae-in delivered a message of incentives to Kim Jong Un on Wednesday, pledging economic assistance in return for North Korea's denuclearization. Moon, whose next step is a third summit with Kim in Pyongyang sometime in September, called for peace, economic development and an end to weapons proliferation that escalated tensions, South Korean news service Money Today reported Wednesday. "We must overcome such a division for our survival and development. Even though a political unification may be a long way from here, establishing peace between the South and the North and freely visiting each other, and forming a joint economic community is true liberation to us," Moon said, according to Yonhap. Moon also said North Korea's "complete denuclearizat...

Visa has said it is considering offering incentives to UK businesses to go cashless, after introducing a similar scheme in the US. The payments company is selecting 50 small companies in the US to receive $ 10,000 if they only use cards.The companies have to bid for the money by explaining how going cashless would affect them, their staff and customers.However, the idea has been criticised by consumer groups, who say cash is still vital for many people."It is easy to categorise it as a bribe, but ultimately they are incentivising companies to do away with cash, and that's not the job of people like Visa," said James Daley of consumer group Fairer Finance.In any case, the offer could be of limited appeal to many retailers, who have to pay fees every time a customer uses a debit or credit ca...

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Moon Jae-in calls for ‘complete denuclearization’ with incentives

Visa considers incentives for UK firms to go cashless