this post was submitted on 15 Mar 2025
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Yea and this is exactly why so much of our payments and purchases are still giving IBANs out to do a homebanking transfer. MB WAY works really great here in Portugal but it’s useless in the whole rest of Europe. If this is going to really happen we need the ECB to make an app, or at least a standard for banks across the whole eurozone to adopt.
We should be happy here that at least in Portugal we solved the ATM infrastructure decades ago and all banks work transparently. Other countries took many years and I'm not even sure if they still charge for withdrawals of money on ATMs from different banks like years ago when I saw that for the first time in Spain.
I guess with sepa standards being updated maybe mbway in the future will just integrate with it transparently with wtv becomes the common thing in europe and we would just see it as a new simple feature like "now you can send and pay money in other countries too".
Just my wishful thinking. At least Wero which I keep reading about here in lemmy seems to be the same thing we already have and maybe they could just integrate with our thing.
There's the whole new SPIN thing being pushed by our banks to associate an account to a phone number too, which kinda overlaps with mbway.
Yea the whole MB system works exceptionally well. Would just be nice if it extended to other countries, just Spain would be a huge improvement. I don’t really get how SPIN is different, I haven’t used it yet.
I haven't used SPIN yet, but on the bank apps it now shows up right there in the send money transfer, where usually we would put an IBAN. It says you can use SPIN which would just be a normal phone number, so I guess it's an alias between iban <-> phone number and the interface allows to use it. On the setttings I can register the phone to the account to activate it. I read somewhere that it wouldn't show personal info, which seems weird, since mbway went all in recently with just spamming all the full name of people when you put a phone number to send money now.