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Australia was the first country to widely support chip/pin and then tap/pay. Even here cash is coming back into vogue as costs are pushing small businesses to
by threeseed 1y ago
Australia was the first country to widely support chip/pin and then tap/pay.
Even here cash is coming back into vogue as costs are pushing small businesses to evade taxes.
I was in Tokyo last week and it was similar businesses i.e. mostly smaller and in lower margin industries.
- bondant 1y ago>Australia was the first country to widely support chip/pin Do you have any source on that? I find it rather surprising.
- bobthepanda 1y agoI don’t know if it’s that surprising. It’s easy to migrate over small markets and the population of Australia is extremely geographically concentrated.
- bigfatkitten 1y agoAustralia wasn’t the first, but it did have the second highest adoption rate of contactless payments in the world at one point, behind New Zealand. In Australia, it helped that there were only about five POS acquirers of note (the big four banks plus Tyro), who owned pretty much all the terminal hardware.