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Moneo, sometimes branded asmon€o, was anelectronic purse system available onFrench bank cards to allow small purchases to be made without cash used from 1999 to 2015.[1]
Moneo is based on the German systemGeldkarte. It was launched inTours on 30 September 1999 by economy ministerDominique Strauss-Kahn.[2][3] Supported by all French banks, Moneo was tested inBrittany andMontpellier in 2002, and from 2004 Moneo has been added to most French bank cards.[citation needed]
The system had been aimed at small retailers such as bakeries and cafés and intended for purchases of less than €30. The card was inserted into a handheld Moneo reader by the merchant who entered the transaction amount for the customer. The customer then confirmed the purchase by pushing a button on the keypad; the exact amount was debited from the card within a few seconds. As well as the multipurpose bank card version, anonymous cards (alsosmart cards) were available for the use of people without bank accounts, such as children and tourists.[citation needed]
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