There are similar products in other markets. E.g. in Denmark (and Finland) there is MobilePay, which is also very popular. Source: worked developing it for a co

There are similar products in other markets. E.g. in Denmark (and Finland) there is MobilePay, which is also very popular. Source: worked developing it for a couple of years. It get's to the point when even panhandlers don't hold a cup but a sign with their mobile numbers, so you can transfer money via the app.