11–20 of 397 posts
Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
And spy on every single transaction
Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
I misunderstood, psd2 is Europe's equivalent. And yes, every country should have this. Even America
Many of the european countries have their own "Pix", but there's no European-wide alternative. The ECB wants to make one (tentatively titled "digital euro"), but it's going to take a long time to come out.
What happens also is that many sellers provide discounts when using Pix, because you dodge the expensive fees charged not only by Visa and MasterCard, but the fees operators (banks, fintechs) charge to provide the infrastructure (PoS machines, financing for installments, etc, the last one being quite common in the country) to use these networks.
Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
It's interesting that we live in 2026 and people still don't understand the fees of credit card processing. Visa charges only a Assessment fee the majority goes to Issuer Bank +PSP. E.g: Interchange fee (0.8-1.8%): Paid by acquirer to issuer (card-holding bank) Assessment fee (0.1-0.3%): Paid to card network (Visa, Mastercard) Acquirer margin (0.3-0.8%): Retained by merchant’s payment processor
It would be Un-American to overlook any chance to forcibly intervene in a Latin America country for the financial benefit of a large American company...wouldn't it?
Every country should have this. Why would you let America take 2-3% of your transaction volumes? It perhaps made sense when the technology was difficult, and America was trusted, but ...
It's interesting that we live in 2026 and people still don't understand the fees of credit card processing. Visa charges only a Assessment fee the majority goes to Issuer Bank +PSP. E.g: Interchange fee (0.8-1.8%): Paid by acquirer to issuer (card-holding bank) Assessment fee (0.1-0.3%): Paid to card network (Visa, Mastercard) Acquirer margin (0.3-0.8%): Retained by merchant’s payment processor
Earlier quoted context omitted.
I misunderstood, psd2 is Europe's equivalent. And yes, every country should have this. Even America
PSD2 is merely a framework for an uniform access to banking, same APIs everywhere. While you can send money through it, it's still through the same means as normal. Many of the european countries have their own "Pix", but there's no European-wide alternative. The ECB wants to make one (tentatively titled "digital euro"), but it's going to take a long time to come out.
My local app (MB Way, PT) can be used to send money to Spain and Italy. Others will follow.
https://www.mbway.pt/a-interoperabilidade-e-o-futuro-dos-pag... (link in portuguese)
Hey Visa/Mastercard — try that move in China and see how well it turns out.