Say Goodbye to Banking as We Know It

Re:Say Goodbye to Banking as We Know It by grizzles on Monday December 30, 2019 @05:44PM (#21917355)

China is so far ahead in consumer financial services. Even panhandlers in China use Alipay/WeChat pay. Constrast that with the west, where you need to jump through way more hoops to start taking payment.

The onboarding of non-Chinese users onto these platforms is going to be a huge trend in the next decade.

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Re:Say Goodbye to Banking as We Know It by jsmith99 on Monday December 30, 2019 @07:00PM (#21917812)

I see plenty of buskers and homeless sellers of The Big Issue accepting contactless here in London, although still a minority.

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Re:Say Goodbye to Banking as We Know It by JohnFen on Tuesday December 31, 2019 @12:35PM (#21922759)

I see them in the US as well, although there's no way I'd ever use a card to give to a panhandler or busker. I'm barely OK with using a card with established retailers.

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Re:Say Goodbye to Banking as We Know It by grizzles on Tuesday December 31, 2019 @04:18PM (#21924813)

That's the whole point. They use QR codes or a namespace.

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Re:Say Goodbye to Banking as We Know It by boublepop on Thursday January 02, 2020 @08:28AM (#21935149)

I live in the west and we just use mobile payments without any hoops. It’s not the west that behind it’s only America that’s lagging behind the rest of the developed world.

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