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Yes. In Germany there is Giropay, where you get redirected to your online banking (it remembers your bank), you have to log in, and submit the already pre-fille
by cubefox 2y ago
Yes. In Germany there is Giropay, where you get redirected to your online banking (it remembers your bank), you have to log in, and submit the already pre-filled transaction. It's literally a normal bank transfer from the user perspective. Not something that happens on the server side.
- loeg 2y agoFedNow is analogous to SWIFT, not applications like Giropay / iDEAL / wero.
- cubefox 2y agoI don't know about the others, but Giropay just does a redirect to your online banking account and prefills the bank transfer form. The actual payment is literally the instant bank transfer solution. (I think it's called TIPS, not SWIFT.)
- ywvcbk 2y agoWouldn’t it be closer to SEPA? i.e. both are single currency, low cost and instant(?), effectively the opposite of SWIFT.
- pjmlp 2y agoYou can also pay with SEPA directly, although not everyone supports. However I consider that highly unsafe.
- lxgr 2y agoIt's a scheme layered on top of regular SEPA bank transfers. As such, it does not work across borders, for example, and not even with all German banks.