Finally!
If I’m not mistaken there’s an EU project to integrate all such systems across Europe.
Good that they’re working on it, but man is this stuff slow. Germany’s still all in on PayPal. I think the EU should just create a common solution. Oh, and create a common way to confirm identities and sign documents online. This national fragmentation is just dumb.
deleted by creator
Oh absolutely, PayPal, Visa, and MasterCard are absolutely crucial. This position allows them to leech off the entire dogital payments system in a way that does not have anything to do with their cost of operating. So an alternative doesn’t hurt.
Regarding online ID: The Norwegian government websites only accept ID from Norwegian providers, and if you want to sign anything with a commercial party you’ll need Norwegian BankID. Germany operates entirely on wet ink sent by snail mail. Some government websites accept ID cards, but the commercial world has not taken notice at all. I don’t know where this unified European ID world is, but my guess is Theoryland and maybe Estonia and Finland.
deleted by creator
Yeah, but this is not Wero. This is a private company (think PayPal, but not shitty and European).
According to a Danish piece on it, there probably will still be Cross-Border- payment fees, even though some countries in that agreement could just rely on a standard SEPA transfer without any additional costseuropean payment initiative https://epicompany.eu/
I think the title is misleading. It is not that payment systems are made compatible, but popular local apps. It’s like saying PayPal and Swish are now compatible. According to a Danish piece I read on it, there will probably still be Cross-Border- payment fees, even though if the system would be SEPA-based, there wouldn’t be fees (as long as it is the same currency).
Isn’t MB Way a payment system? It was brought up a few times as such by people in the past
Yeah, I guess it’s semantics to a certain degree. I’d call them a payment provider, like PayPal or Klarna, but a payment system for me would be something bigger like SWIFT/SEPA.
Wow nice nice nice :D
TIL! It seems that the Italian Bancomat Pay is already interoperable with Spain and Portugal, but I have no way to test this
Wow this is awesome.
