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Wow I didn't know that - do you know why? Is it that international interchange is just too much of a hassle?
by tomasreimers 6y ago
Wow I didn't know that - do you know why? Is it that international interchange is just too much of a hassle?
- robjan 6y agoI can only guess it's a mix of local regulations and the fact that the RMB (CNY) isn't freely convertible. There's an HK version of WeChat pay which is more open but isn't very widely used since we have had the Octopus stored value card for nearly 25 years which serves a similar purpose. For everything else there's MasterCard (or Visa / AE).
- JCharante 6y agomust be for legal reasons, you can't even open red packets that people send you, so they just don't want you having a balance in their system at all.