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Europe has Wero and India has UPI. Right now it is still good but it will get increasingly harder for private companies like Stripe and Paypal to operate as thi
by MachineMan 1mo ago
Europe has Wero and India has UPI. Right now it is still good but it will get increasingly harder for private companies like Stripe and Paypal to operate as this becomes more embedded as a critical public service provided by governments.
- fodkodrasz 1mo agoCertainly, if your definition of Europe is Belgium, France and Germany. > Wero is a product of EPI Company SE > Available in Belgium, France and Germany. Greetings from the rest of Europe.
- MachineMan 1mo agoYou are right, however they are backed by the european payment initiative and the idea is that it becomes an eu wide standard. Whether they will succeed and how fast, we shall see.
- fodkodrasz 1mo agoI'm not happy this is not an ECB project, but commercial banks are behind. I'm sceptical if this will stay free, and on how our transaction data is used.
- bkor 1mo agoIt's basically the better version of iDeal, used heavily in Netherlands. They're slowly changing the iDeal name to Wero. Apparently it's mostly that, change of name coupled with a bigger scope.
- carlosjobim 1mo agoNo. Card payments offer fraud protection for customers, so they will still be there for online shopping.