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> payM in the UK (which got shut down a couple of years ago due to lack of use) I'd never even heard of this! Certainly never seen anyone offering it. Guess it
by pjc50 2y ago
> payM in the UK (which got shut down a couple of years ago due to lack of use)
I'd never even heard of this! Certainly never seen anyone offering it. Guess it got run over by lack of state capacity during Brexit etc.
> paying businesses vs using a card or your phone to tap and pay
These schemes (izettle etc) have higher costs. The poorer the country the more significant a low-cost business TX option is.
- koyote 2y agoI remember most banks having it when it first came out, I used it a couple of times to pay friends but few people knew about it. It was pretty simple and worked well, especially compared to having to give bank account details. That being said, I am in Australia now which has a similar system and I'd say 95% of my friends just give me the bank details instead of saying 'just use PayId with my phone number'.
- girvo 2y agoAll my friends just use PayID/phone number or email instead of the bank deets. The big benefit is really Osko internally, which is what makes the payment instant (except for stupid CommBank)