2 ms·
Most Czech banks offer free domestic instant payments, and many small businesses who were previously cash-only now take them as an option. I heard there's also
by dvdkon 2y ago
Most Czech banks offer free domestic instant payments, and many small businesses who were previously cash-only now take them as an option. I heard there's also a SEPA equivalent.
If the electronic retail payment industry hadn't already been captured by VISA and MasterCard, I could very well see something like this, a much cheaper and simpler system, being what everybody uses. There's countries (India?) where debit/credit card adoption was slow and now these simpler solutions have significant market share.
- astrange 2y agoIt takes (at least) two people to want to adopt a payment system. The reason American customers use credit cards is that they like them; they're very safe for customers and they have reward points. You could pay with cash or debit if you wanted to, but then you can't chargeback the business.
- mnau 2y agoSweeden has a Swish and I am pretty sure many countries have very similar free option. We just need a non-profit integrator to do it worldwide... Use credit card as a fallback if everything else fails.