Visa International said organizations represented in 21 countries, accounting for more than 90% of all stored-value smart cards, have announced support for the Common Electronic Purse Specifications, or CEPS.

Visa has been championing the effort to promote interchange among purse cards from different countries and currencies, initially motivated by the convergence of the European Monetary Union around the euro. But the framework is designed to be global, and among the committed countries listed by Visa last week were Argentina, Australia, Brazil, Canada, Hong Kong, and the United States.

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