This like a public-run PayPal alternative. Other countries have moved beyond this, Saudi Arabia for example created Mada, it's alternative for visa and masterca

This like a public-run PayPal alternative. Other countries have moved beyond this, Saudi Arabia for example created Mada, it's alternative for visa and mastercard. They take close to nothing on transactions, and that's how the government could enforce card payments everywhere. And the cards are hybrids, they support both visa (or mastercard) and mada.