BuyFromEU

Just as they do know: The till will tell them that the customer has paid.

Which is why I said that this QR code thing is much more useful for situations where there's no till in the first place, like a flea market, where a QR code + looking at the transaction log on your phone can make a shoddy yet serviceable till. Certainly better than telling people to go to an ATM if they want to buy something.

@[email protected] cool, I can see my comments from lemmy on mastodon, I am curious if comments from mastodon make it across to lemmy.

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.

Well, isn’t visa and Mastercard part owned but the banks? Perhaps a similar system is the only way to make it work. It seems odd that with a unified market for services, payment processing needs to be a bank registered in each country. I assume that is why it’s an issue. It should be possible for any processing within the euro zone to be instant between countries and not need a seperate licence for each. Revolut already does quick easy transfers even between non euro countries. I wonder if a bank like that could do it? I think as a bank they are on,y registered in one country, so maybe I’m wrong on the need to register everywhere.

at least the swish system is set up as a collaboration between banks. it's not its own entity. assuming most of the others work this way too, since transferring between banks takes so long.

Maybe a payment system that would only be responsible for EU transfers would be the solution? In addition to the established solutions.

Wero is the successor of Giropay which kinda went semi-obsolete with SEPA instant transfers. The original use case was telling shops that a regular SEPA transfer was guaranteed to arrive by the bank sending that information via giropay and the actual money then using regular channels. Sofort dug deeper into that market because it's the only business they have, while giropay is little more than a thin wrapper around banks agreeing on a particular interface. Online all you really need, today, is a way for a shop to send you over to your bank with a SEPA transfer template pre-filled with the right data. That's not a business, it's barely even a website.

The good news, indeed, with the EPI is that the rest of Europe is finally adopting the same standards-setting procedure that Germany had for ages because we have 1400 banks over here, most of which only serve a local customer base, they need to interoperate, insular solutions just don't make sense or you couldn't go to an ATM the next town over. And they do have a habit of not inventing pointless intermediaries, much less intermediaries handling actual money both sender and recipients already have bank accounts why get a third bank involved.

Exactly. Even the most inclusive are hard to use when compared with using the Visa/Mastercard networks which are integrated with most banks and merchants.

That's what Wero is for

Federate them and build on top of a digital euro.

Oh i see, let's hope they replace the CEO before he send the whole company down the drain

@dxc @Don_alForno THAT!!!