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In Germany there is also the Girocard (formerly EC Card), which largely uses SEPA Debit. Almost all European Countries use some form of SEPA Debit to power thei
by zaarn 8y ago
In Germany there is also the Girocard (formerly EC Card), which largely uses SEPA Debit. Almost all European Countries use some form of SEPA Debit to power their card systems.
I don't think Europe needs to get their shit together, I'd rather if POS terminals would accept more payment systems. Credit Cards are not the world currency.
- kmlx 8y agoWhen you put it in context, there's a handful of people using all kinds of local systems. Then there's hundreds of millions if not billions that use the other well-established systems. Regarding credit cards, very few Visa and Mastercard are credit, especially in Europe.
- webmobdev 8y ago> Regarding credit cards, very few Visa and Mastercard are credit, especially in Europe. I am sure the same is true in India too - most are debit cards. The monopoly, the high fees they charged and the profit ending up in a foreign country was the reason that the indian government launched their own payment and card system. Visa and Mastercard were forced to lower their fees to remain competitive. (And now they are complaining and lobbying the US government to pressurise India to ease their new laws regarding data storage in India).