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Re:Digital banking, now halal by vladvasiliu on Friday September 18, 2020 @10:59AM (#24517592)
> Do normal credit cards there not have cash back benefits? Do credit cards exist or because naturally they would charge you interest, do they not exist? It's interesting how there's a whole different ecosystem of apps in the part of the world that most of the world lives in.

I'm not familiar with how credit cards work there, but from my point of view cash-back benefits aren't all that widespread. Aside from AmEx I'm not familiar with any such arrangement available in France. And even AmEx is pretty much a joke, you'd have to spend an enormous amount of money every year just so that cashback could reach the price of the card.

Re:Digital banking, now halal by smnrchrds on Friday September 18, 2020 @11:12AM (#24517775)
That's because credit card interchange fees are much lower in France than they are in the US. Does the French government cap interchange fees?

https://www.mastercard.co.uk/content/dam/mccom/en-gb/interch...

https://www.mastercard.us/content/dam/public/mastercardcom/n...

Re:Digital banking, now halal by thomasmarcelis on Friday September 18, 2020 @12:33PM (#24518845)
Re:Digital banking, now halal by smnrchrds on Friday September 18, 2020 @12:37PM (#24518886)
Everything makes sense now. 0.3% is an order of magnitude lower than the fees paid by US merchants.