yeah.. here the fintech has a race to bottom because EVERYONE has a 2~2.5% fees cap so the only way these providers differentiate is by providing more service f

yeah.. here the fintech has a race to bottom because EVERYONE has a 2~2.5% fees cap so the only way these providers differentiate is by providing more service for same or less cost. other than that, even the 2% fees is too much because of legacy "credit card companies". there is something called "netbanking" which has zero fees for everyone and people prefer that. one issue with using this is, once the transaction is through, there is very little recourse. in extreme cases when there is a breakin and someone steals your money, the bank is called, then police and then its a matter of litigation to get money back. the "upside" of using these companies and "credit card" is the option to charge back and disputes. if they are charging 2% for that, well thats good enough but not more than that