There are other ways to protect payments than just (rent seeking) CCs. For eg, in India UPI equates to irreversible zero-cost instant bank transfers (and the ir

There are other ways to protect payments than just (rent seeking) CCs. For eg, in India UPI equates to irreversible zero-cost instant bank transfers (and the irreversible part incentivizes scams) - the KYC/AML regulations make getting your money back a possibility (while not impossible, it's usually improbable, and depends on the amount)