Re:Australia’s new real-time banking payments platform
by ThomPete on Tuesday February 13, 2018 @05:52AM
(#16366178)
It's one of the biggest successes in the fintech sector.
MobilePay in Denmark, Venmo, Cash, Paypal in the US most of the use debit card/bank accounts.
One of the problems turning it into a business though is that the Durbin Amendment and national legislation have reduced the interchange fees so that it's hard/illegal to charge for use of the card.
But it's a booming business that only just started.
MobilePay in Denmark, Venmo, Cash, Paypal in the US most of the use debit card/bank accounts.
One of the problems turning it into a business though is that the Durbin Amendment and national legislation have reduced the interchange fees so that it's hard/illegal to charge for use of the card.
But it's a booming business that only just started.