Re:European Payments Initiative (EPI)
by marcosdumay on Thursday September 02, 2021 @01:25PM
(#28394824)
Why do they need a card infrastructure?
Since Brazil implemented our free instant interbank transfers (it's called PIX), people have been using it for all kinds of stuff that previously required a credit card. The seller simply asks the buyer to tag the transaction, and reads the tag on his phone when the buyer says the payment is complete.
Re:European Payments Initiative (EPI)
by afiori on Saturday September 04, 2021 @10:10AM
(#28415241)
More than an card infrastructure it might be simply an infrastructure, now even between banks that support instant SEPA transfers it is not really usable to buy things with it.
Since Brazil implemented our free instant interbank transfers (it's called PIX), people have been using it for all kinds of stuff that previously required a credit card. The seller simply asks the buyer to tag the transaction, and reads the tag on his phone when the buyer says the payment is complete.