Re:Apple Cash
by jlmb on Monday May 23, 2022 @05:54AM
(#31477007)
In Estonia, you can link a phone number to your IBAN. When making payments, the sender just needs a phone number, and the corresponding IBAN is automatically looked up. (The lookup service is managed by the central bank, and used by all (major) banks.)
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Same in Poland, thanks to BLIK payments. Works across all major banks. https://iko.pkobp.pl/iko_en/features/mobile-transfer/
Re:Apple Cash
by benhurmarcel on Monday May 23, 2022 @07:29AM
(#31477655)
There's a similar system in several country (Spain as well for example, called Bizum). It's a shame that it's not a Europe-wide system.
Re:Apple Cash
by giancarlostoro on Monday May 23, 2022 @08:36AM
(#31478192)
We have that here for Zelle, which is built-in to some banking apps, making it really easy for most people to achieve this. You can alternatively give them a name or email as well. Zelle is not perfect but I have used it often just because it is built-in to my banking. I just wish I could have multiple bank accounts hooked up to it properly, not sure how to sort that out.
The same exists in Spain (albeit with limits per month), it's called Bizum: https://bizum.es/en/about-us/
I don't think I've seen this, do you have a link to learn more?
It's apparently called “proxy payment”: https://www.lhv.ee/en/proxypayment