11–20 of 187 posts
Just a reminder that Google Pay supports Pix! You can pay using Pix with QR Code, keys or just NFC with it. There were reports that Apple doesn't want to implement on Apple Pay...
No surprise.
1. Apple is irrelevant in 3rd world countries. It is a luxury brand for millionaires. Doesn't have mass appeal.
2. If Apple were to implement it they wouldn't be able to get away with the huge margins they charge.
Earlier quoted context omitted.
Europe and the UK have instant SEPA credits and debits, no? That's 41 countries within the single instant payment system. https://www.ecb.europa.eu/paym/integration/retail/instant_pa... https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://www.pymnts.com/wp-content/uploads/2025/05/PYMNTS-Rea...
It’s crap in comparison. It’s not flexible at all. It’s still SEPA even though it’s “instant” and not all banks support it yet (although they are supposed to).
The UX of SEPA is lacking in comparison to other modern payment systems for sure. I'm confident though, that it will improve soon. Wero [1] seems like a decent start and appears to be gaining traction lately. It's basically a layer on top of SEPA Instant payment with extra features and a decent app based UI/UX.
I believe the greatest story behind Brazil's Pix, India's UPI and Kenya's Mpesa is the emergence of a lot new forms of money. We will have strong national currencies supported by these payment systems, destroying Visa and Mastercard and hurting PayPal, Apple Pay and Google Pay. These systems have a lot more potential than most people imagine (e.g.: micro lending , even for illiterate people). We will have "gangster m…
The West likes to paint the government success in India around religious terms, but in reality, it’s the actual improvement in life driven significantly by the adoption of UPI that’s played the biggest role.
Earlier quoted context omitted.
Europe and the UK have instant SEPA credits and debits, no? That's 41 countries within the single instant payment system. https://www.ecb.europa.eu/paym/integration/retail/instant_pa... https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://www.pymnts.com/wp-content/uploads/2025/05/PYMNTS-Rea...
It’s crap in comparison. It’s not flexible at all. It’s still SEPA even though it’s “instant” and not all banks support it yet (although they are supposed to).
Last week Trump targeted Pix and Brazil for discriminating against Mastercard and Visa[0]. Also last week there was the Steam debacle involving the same two companies which brought attention to the power that this duopoly holds all across the world. In Brazil many people, if not the majority use interest free instalments to pay for anything above groceries - “parcelas”, all of which, until now, were done through Mast…
Earlier quoted context omitted.
Europe and the UK have instant SEPA credits and debits, no? That's 41 countries within the single instant payment system. https://www.ecb.europa.eu/paym/integration/retail/instant_pa... https://en.wikipedia.org/wiki/Single_Euro_Payments_Area https://www.pymnts.com/wp-content/uploads/2025/05/PYMNTS-Rea...
It’s crap in comparison. It’s not flexible at all. It’s still SEPA even though it’s “instant” and not all banks support it yet (although they are supposed to).
This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…
Earlier quoted context omitted.
It’s crap in comparison. It’s not flexible at all. It’s still SEPA even though it’s “instant” and not all banks support it yet (although they are supposed to).
SEPA is not crap. It's actually pretty awesome, considering that you can instantly transfer money between 5000+ banks in 30+ countries, with practically zero fees. The UX of SEPA is lacking in comparison to other modern payment systems for sure. I'm confident though, that it will improve soon. Wero [1] seems like a decent start and appears to be gaining traction lately. It's basically a layer on top of SEPA Instant p…
Banking apps can also generate a QR code for receiving payments.
They are not quite as seamless as tap-to-pay, but they work with pretty much every bank in the Austria, which is neat.
Last week Trump targeted Pix and Brazil for discriminating against Mastercard and Visa[0]. Also last week there was the Steam debacle involving the same two companies which brought attention to the power that this duopoly holds all across the world. In Brazil many people, if not the majority use interest free instalments to pay for anything above groceries - “parcelas”, all of which, until now, were done through Mast…
how can you discriminate against a duopoly ;)
> It also highlights how desperately the EU is behind other countries in this space,
(you seem to be drifting into the server center topic but I will take "this space" as payment processing)
It's complicated, EU has many payment standards which 1) are required between banks, and 2) theoretically allow integration with new payment processing methods needing only the end-users agreement not the banks. So you can relatively easily send money between people (and to company accounts, too) without touching visa/mastercard at all (how easy that "relative part" does still vary a lot tho. (Also if you are willing to pay a fixed up price (commonly free or 15ct) also fast, like in seconds).
At the same time when it comes to 1) banking cards, 2) payment terminals, pretty much everything is build on Mastercard/Visa (where I live mostly Visa). Like there is no competition when it comes to the secure chips this systems use. (But then both PayPall and pretty much all of China have kinda shown you don't really need them as long as you have internet, which payment terminal often need to for any non very small payment amounts). Also because people are so used to a well working reasonable secure card payment system many tries to push for app based alternatives kinda fail, sure due to their dominant position in online shopping Paypal is still a thing, but also commonly relegate to at most one of multiple options in online shopping. Just to be clear the exact dynamics differ _vastly_ between country in the EU.
Any I really don't like the generic pay in rates functionality, it's a trap which really can fuck up peoples life (similar to using the dipso all the time/not getting out of it, or large credit boundary or however it's called for credit cards; to be honest dispo tends to be worse tho).
This is hands down one of the best instant payment platforms at the moment. Only India's UPI can match it in features, and China and Thailand in adoption. Most Western countries have had a (somewhat timid) taste of instant payments, but most don't know what it means to just drop credit and debit cards and cash altogether for a system that is not just universally adopted (from apps to flea markets to online payments a…
https://www.federalreserve.gov/paymentsystems/fednow_about.h...