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> There is a perhaps a trend of local payment means being less accessible to tourists. It's because you want to price differentiate tourists and local people.
by philipwhiuk 2mo ago
> There is a perhaps a trend of local payment means being less accessible to tourists.
It's because you want to price differentiate tourists and local people. Tourists will pay more for travel than your electorate.
- makeitdouble 2mo agoCould be part of it. Another angle is payment processors longing for stronger KYC. Felica is bound to a phone with a carrier on a national network, which basically guarantees full traceability of the user. Same for WeChat. PromptPay also binds to a bank account, so again it can be tracked at a gov. level.
- fendy3002 2mo agoothers have said KYC but the main reason is to keep the local currency flow domestically and to prevent money laundering.