341–350 of 811 posts
If they can make it as seamless as UPI, that would be incredible. UPI, imo, is the pinnacle of ease of internet payments - as seamless and quick as it can get.
Too bad cryptocurrency never took off. Such a missed opportunity
People know what they like/dislike, and crypto payments didn't cut it for whatever reasons. UX, cost, and waiting for blockchain confirmations come to mind.
Also what problems did it solve that we actually have? Without that, there's no incentive for change.
Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…
All that being said, it’s great for consumers to have the choice, and hopefully we all benefit from increased competition.
Disclaimer: I work for a Payment Gateway
Earlier quoted context omitted.
West is just the US nowadays.
I would say West is Europe, Japan and a few others. But I think I need a new word for that one.
Wero is basically an EU-wide version of the Dutch iDeal system, which in my opinion is the gold standard of how internet payment should work. I shouldn't have to fill in any card numbers on the site of the merchant (which is unsafe). Instead, the payment should redirect me to my bank, where I authorize the payment through my own bank's security system. I've always been annoyed by the need to type in sensitive card in…
Didn't other EU countries already have something similar to iDEAL, as opposed to using credit cards? And now we're just consolidating them?
Also, isn't this just about online payments? Who's going to pay for a coffee with either Wero or a credit card? AFAIK most EU consumers use direct debit cards for in-store payments (those countries where cash is no longer popular), be it via Apple Pay / Google Pay or not. Many a card of which by the way is directly or indirectly powered by Visa or Mastercard.
At any rate, I don't see EuroPA or Wero break the 'hegemony' of Visa/MC the way this article claims.
That could be a massive hassle for American tourists, who will still mostly have Visa and Mastercard. I'm sure that there will be some kind of solution -- I suspect Google Pay and Apple Pay will support the new network. But I'll have to keep an eye out.
I might even have to start bringing cash. I used to make that the very first thing I did on landing. The last few times I didn't get any cash at all.