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Re:Brazil's government-run payments system has become dominant by graemep on Tuesday April 08, 2025 @01:09PM (#43624044)
I have only come across SEPA as a means of making transfers between bank accounts. Can it be used for payments too (e.g. instead of a credit card)?

It is also single currency - Euro only, right? Swift is global.

Dealing with many currencies and laws (e.g. countries with capital controls) is very complex.

Re:Brazil's government-run payments system has become dominant by mndgs on Tuesday April 08, 2025 @02:25PM (#43624938)
SEPA also works for SEK now, other EU currencies are in pipeline.

Swift is just a messaging standard and a message exchange network (distributed). SEPA is that, plus a settlement system (in a nutshell). That allows for speed and much more (instant payments, request to pay, pay by phone number, credit/debit transfers, etc).

You're bound to deal with currencies once you make any kind of transaction that originates in one currency and settles (finishes) in another.

Re:Brazil's government-run payments system has become dominant by amelius on Tuesday April 08, 2025 @02:07PM (#43624745)
Also, does it support micropayments?
Re:Brazil's government-run payments system has become dominant by mndgs on Tuesday April 08, 2025 @02:19PM (#43624856)
Yes, min transfer 0.01 EUR