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> * American companies dominate payment systems. Which ones? I can't name a single American one that "dominates". Maybe that's just my perspective but the Amer
by JimBlackwood 2y ago
> * American companies dominate payment systems.
Which ones? I can't name a single American one that "dominates". Maybe that's just my perspective but the American payment systems feel decades behind.
At least in the NL we have iDeal and through EPI (European Payments Initiative) it should become the standard in the EU https://ideal.nl/en/epi-successfully-completes-acquisition-of-ideal-and-payconiq-international https://ideal.nl/en/epi-successfully-completes-acquisition-o...
Then there's Klarna as well, which I think is pretty big in the EU.
- tacker2000 2y agoPaypal is very strong in the german speaking regions.
- wiether 2y agoVisa/Mastercard to begin with And now you have Apple & Google Pay for people using their smartphone You add PayPal to that and... you cover the companies that are the most widespread overall in Europe Each country has its own set of local systems, but, overall, the most commons are americans
- watermelon0 2y agoI was under the impression that residents in many (if not most?) EU countries generally use Visa/Mastercard debit cards for electronic physical and online payments. There is also Maestro (owned by Mastercard), but most banks have already switched away to Visa/Mastercard.
- wiether 2y agoI know iDeal because I had to implement it for a customer a few years back, but that's the first time I hear about EPI After looking to see what it is about, I can tell you that even though I have accounts in three of the "Founding Shareholders", I never heard of it, they never pushed it to me and I only saw references to Wero in one of their app, but I had to look closely for it. So I have doubts regarding you statement about "it should become the standard in the EU"