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I open up my Swish App (owned/operated by big Swedish banks), enter my friends phone number (either manually or via my contacts) and then enter the amount and a
by pathy 11y ago
I open up my Swish App (owned/operated by big Swedish banks), enter my friends phone number (either manually or via my contacts) and then enter the amount and a message, totally free and significantly more convenient than cash, which I basically never carry.
I can even pay the kids selling strawberries by the roadside via Swish.
Then again, Sweden is in the forefront of the cashless society at the moment, for better or worse.
- 4v1SoundsFair 11y agoOnly to people that also have swish, and I can guarantee you no one I know would be happy about having to make another account and give someone else their bank info. Also there's now proof of your interaction/association with this person. Inconvenient, and publicity... the first one is arguable that you _might_ save time over the long term, but you also have to weigh in time for dealing with tax bs that comes with it, the second however is completely unacceptable and I know they won't fix it. Cash is king.
- ersii 11y agoLet me expand on that, Swish is currently free for sending a transaction between two persons. Accepting Swish-payments for merchants, companies, organizations and associations is not free however. The last time I checked (a couple of months back) - Swish was more expensive than handling credit cards in general.
- dublinben 11y agoIs this app free software?
- ersii 11y agoNo, the Swish application is proprietary software. The application is however a gratis download from the AppStore / Google Play store.
- onion2k 11y agoIs Swish an open system that any bank can join, or is it a way for the incumbents to keep new banks out of the market?
- sciolistse 11y agoAny bank can join.. if they meet the requirements. https://www.bankgirot.se/en/about-bankgirot/participant-requirements-for-the-settlement-and-clearing-systems/Payments-in-real-time/ https://www.bankgirot.se/en/about-bankgirot/participant-requ... There are plenty of legal regulations to wade through to join, but it's not impossible and the requirements are publicly available.
- jacobush 11y agoAnd plenty of institutional red tape added by "BiR", but sure, not impossible. Just not something your regular startup would pull through.