Tant mieux pour eux.
I suppose some added sovereignty is to be expected when your closest ally extorts, threatens annexation and slams you with tariffs.
Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
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Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#32Too bad that, for Italy, BancomatPay joined instead of Satispay, an app that's actually used (especially in the North). Almost nobody uses BancomatPay.
Satispay is no longer really used anymore.
It was only welcomed by merchants in the 0-fee era, now no merchant cares anymore as Satispay is no longer free of charge and pulled the rug.
And to send payments across friends there's instant bank wires (often free of charge), and even when it's not instant it is executed in few hours-one working day max which isn't a big issue when you're transferring money across friends.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#33> A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment. Have you seen the new money app? It's on Tubu. It's on Weeno. I'm on Dippy but my friend is on Poob. Poob has it for you.
Sounds totally fine to me. I guess just like there are many Mastodon instances: mastodon.social, fosstodon, infosec.exchange, mas.to, etc., but one protocol by which they talk to each other.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#34> A Frenchman using Wero will be able to transfer money to a Spanish friend on Bizum, with the same simplicity as a domestic payment. Have you seen the new money app? It's on Tubu. It's on Weeno. I'm on Dippy but my friend is on Poob. Poob has it for you.
ahahah!
so true. those names are silly. also, French and Spanish can already send money for free via IBAN / SEPA
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#35I'm pretty sure American gov won't react kindly
Who cares at this point. Nothing has ever managed to unite Europeans as effectively as the orange man’s unrelenting torrent of temper tantrums over the past year and a half.
Americans, we know some of you aren’t crazy. Can’t wait for the grown-ups to be in charge again, but in the mean time we’ll be moving on.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#36Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)
iDeal is an enormous success in the Netherlands so if banks implement it as well in other countries then it will definitely be competitive with credit cards for online payments
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Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#37Earlier quoted context omitted.
Wero is not French, but it has replaced France's Paylib. It's pretty awesome and seems to quickly have replaced all other apps (Lydia, PayPal) for small payments in my friend and family circles. I'm excited to see it expand to PoS payments.
Can you confirm people in france actually use wero? I had heard of it every so often but basically zero people actually use it, my revolut app has a feature to use wero but never used it. I mean would be great, getting rid of CC fees could literally lower grocery prices by 1-2%.
I can only speak from my experience, but yes, multiple people (a few friends, people at work, and my uncle) have suggested to "make [me] a Wero" lately to pay me back small amounts. The fact that's it's integrated into the existing banking apps helps.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#38Banks in Spain, Italy and Portugal are joining what this article describes as France’s Wero system [1]. («L'initiative française Wero».) Focus this year is on P2P transfers. Commerce is targeted for 2027. Given EuroPA has done a token amount of transactions to date, I’m not sure anyone should hold their breaths. [1] https://en.wikipedia.org/wiki/Wero_(payment)
What's the benefit of this over contactless payments?
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#39Totally misleading. Without reading all of it: MAYBE it means: it is/will be enabled for 130m people. And even those of us who have activated it, have hardly used it for the most part, or hve concerns.
It was weird to see them bragging about €6MM volume in the first year.
Re: Goodbye Visa and Mastercard: 130M Europeans switching to sovereign payment
#40Maybe the original source that the current article links to is a better link: https://epicompany.eu/media-insights/bancomat-bizum-epi-sibs...