it won’t be able to challenge Visa and MasterCard if it isn’t available internationally. European businesses also need ways for foreigners to pay for their services.
Availability depends on adoption. Europeans travel a lot, there’s a strong incentive for it to be offered if the demand is there.
True, it’ll need to be something like alipay or wepay for the Chinese, I’ve seen enough places around Europe that offers them as valid payment methods
For the millionth time yes.
Wero is more like an alternative to Paypal. The Digital Euro is more akin to replacing VISA/Mastercard.
The US will absolutely panic once this starts to spread.
They will have no control, and no eyes on what Europe does with its money.
Power to the EU.
No doubt they are lobbying hard to bring this to the attention of Jabba the Trump.
Now UK has to step up and join
We’re calling it Super Money.
We’re calling it Super Money And John F. Kennedy Center for the Performing Arts
Brazil and India already have their own systems which are up and running.
Yeah, I was shocked to learn how dependant EU was on American technology.
I think it boils down to national pride. Both Brazil and India took pride in making their own payments system. Eu was pretty chill until uncle Donny came.
It’s like, don’t try to fix what’s not broken, and Trump broke it. Though honestly, they should have started earlier, I think as early as Trump’s first term.
nah, all the US government has to do is ask Apple and Google to delist the wero app and it’ll be cooked
digital sovereignty and mandatory locked down rectangles are fundamentally incompatible
That won’t fly. The EU is a massive market for Apple and Google they won’t want to lose.
But hey, I’d love those monopolies to burn too, so be great to see the problem of them highlighted like that.
Digital sovereignty is suddenly a hot topic.
Trump and data brokers will lash out if people just simply used cash.
All of that free “interest” money from the poor is finally being re-routed to another area of the globe. I wonder if the huge credit card predatory interest rates will be the same? If so, then it’s just a bait and switch and nothing changes.
It’s been underway for a while, EPI - European Payments Initiative.
Hopefully I’ll be able to rid myself of my mastercard sometime next year and just rely on Vipps/Wero. Next year is where they roll out point-of-sale across most of Europe.Are you in Norway? Every Visa and Mastercard issued by Norwegian banks should have BankAxept too. So every time you use contactless it’s BankAxept and if your bank allows Tæpping in Vipps you can use it on your phone too.
Unfortunately I’m not in Norway, but Denmark. Closest thing we have here is Dankort, but that’s tied to Visa for now, which ain’t ideal.
I’m Italian and we have something similar do Dankort, called Bancomat. The problem is that Bancomat too is always tied to MasterCard/Visa.
I thought it was independent, but just falls back to Visa or MasterCard whenever Dankort is not supported? Which is, of course, everywhere outside of Denmark…
Always wondered how Vipps’ feature set is in Denmark compared to Norway. Does it allow for contactless payment?
I actually thought the whole contactless pay in Vipps came from the Danish equivalent when they merged.
I think contactless in Vipps is from a cooperation with BankAccept, which makes sense as both of these services are backed by Norwegian banks.
I’m not aware of contactless payment in MobilePay, and I wouldn’t expect it over night when it changes to Vipps as it would require Dankort support. Probably their priority is to support the European payment system so that it can work across borders effortlessly.
Right now, contactless payment using Norwegian Vipps wouldn’t work in Denmark because BankAccept doesn’t work there. At least I’m fairly sure of this - as I said Vipps has stopped working on my phone. 🙃
I used it in Italy this year and in Denmark last year actually. To my understanding it goes through the Visa/Mastercard systems instead of BankAxept on terminals that doesn’t have it.
Ah, neat! Thanks.
Funny they found a way to fit Axe into payment system
Will this be in the form of usable swipe/contactless cards or via some app running on either Apple or Google OS?
If it relies exclusively on smart phones they can fuck off, they changing one overlord for another one from the same place, except this one is even shittier.
what is the alternative for sending digital money fast and easy?
A website?
and you would use a website with what? a laptop that doesnt fit in your pocket? no thx
Does your phone not have a webbrowser? The point is to not make it bound to a single piece of tech that’s currently controlled by only two companies. I recently opened an account with Barclays and they are very much app first focused, but their app doesn’t work on GrapheneOS. God know how long it would take them to create an app that supports more Linux native phones.
dude says he hates smart phones. i ask what is the alternative. reply: why dont i have a browser on my smartphone…
you guys are either all insane, or yandex fucked up all the tankie chatbots on lemmy.
He didn’t say anything about hating smartphones, he just said smartphone exlusivity (ska an app with no other alternative) can fuck off.
Another card instead of an app that requires google’s blessing and supervision.
They want to challenge visa and mastercard by droping their trousers and bending over for google.
Stop digital ids and age verification.
Seems like it’s Wero again. Which is American-approved smartphone exclusive.
I don’t see it as a replacement for Visa/Mastercard, only possibly Google/Apple pay and things like PayPal.
It’s becoming increasingly bizarre to me that virtually all journalists will absolutely refuse to mention Google Play and iOS exclusivity. Has anyone figured out why that is?
Just wait until you read about Pasmo and similar. I like Pasmo a lot. You can top up a card use it for transportation, convenience stores,
grocerystores, eating out, vending machines, the arcade >_>, etc. It’s like a bus pass that you can use in a pinch. And the security is actually not too bad. It’s like a different approach, you need to pay your fare for a train but you can get lunch and beer with it as well (for your ride lol). No need to go to a bank, there’s terminals at every station. I mean you’ll be SOL in the countryside.In Massachusetts, we have the Charlie Card system which is the T. A. P. Pass and our system just got updates to read tap credit cards and tapping your phones.
Given how unsecure the MBTA is, having this would be a shit show for those who don’t get one issued specifically for themselves.
The Charlie Cards can mainly be found every morning on top of the machines because they’re free for most people to get and use (free to use means you’re free to use the cards if you please, the trains still have fares, lol) and if you’re done with one that’s not personally issued to you, it’s preferred you leave it on top of a machine on a station so someone else can use it.
… It would have to get rid of public cards and you’d have to make it so that if you want a card you’d have to register for one, which would mean less accessibility for commuters.
So I dabble in a bit in cybersecurity, compared to the transit card I have in Ireland, the security of Japans Pasmo system is decades ahead. Now despite the temptation, I haven’t altered how much money I have on my Irish transport card. I mean I don’t want legal trouble and get banned. Pasmo on the other hand looked like it was a centralized system; I didn’t mess with that and only took a peak because I don’t want to go to jail.
MIT hackers did a review of the Charlie Card System and their vulnerabilities, that’s how I know. I’m not a coder.
Edit omg!!! : https://youtu.be/DDRiLe0TyyE. Polish a fuckin’ turd
I was hinting at how if Pasmo is used for more than just transit, if it was the Charlie card system it wouldn’t be that great for people who don’t have a card issued to them, which you can have a card issued to you with your face on it and you can register it online and everything. They also have disability / reduced senior 65+ tap cards that you can get issued to you where you only have to pay half fare.
So the interesting thing about that is there’s traveler cards and there’s resident cards. Somehow I get resident cards. I guess I’m bad with menus or friends help me in whatever country I’m in. Both of my Japanese and Irish transit cards are heh have local rates. The traveler rates are insane compared to what I pay, that’s a bit exaggerated but it does save some money. Kind like you mentioned senior rates, it would be double the standard rates of a local. I don’t think I’m really taking too much advantage of it because I pay the local taxes instead of writing them off. But yeah Pasmo is interesting, it’s like my Leap card but I can buy beer with it and of course it has a set limit and there’s unique ID that’s tied to your passport–hence why I mentioned I didn’t want to FAFO.
I sure hope this becomes available to Canadians.
Trump is doing permanent damage to the US
Putin is laughing his cock off, he destroyed America from the inside
Norway already has BankAxept, which works pretty good. Tæpping with Vipps is a great alternative to Apple/Google/Garmin Pay as well.
Sadly Vipps recently stopped working on degoogled android. :/
Norwegians and others affected by this should feel free to complain to them about that.
Stopped working for me this year too in Finland, same app with a different name. Hate it.
For a lot of student events here it’s the only way to pay because it’s do convenient to set up and everyone has it.
Norway is very lucky.
MBWay works great in Portugal
Having lived in several countries in Europe, I can tell you the entire Multibanco system in Portugal (on top of which MBWay is one of the products) is far more complete and has been in place for far longer than anything I’ve seen elsewhere.
Most countries have far more basic systems (for example, you can check your bank account movements and pay your bills in Portuguese ATMs, but not usually in other countries) and some countries in Europe (such as Britain) don’t even have their own payment and ATM system and rely on VISA and/or Mastercard.
Then again the entire Multibanco infrastructure was setup by the government forcing banks to come together, agree on a standard for digital transfers and payments and to setup and pay for a company that does it (called SIBS), so of course all this happened way back in the 80s and wouldn’t happen under more recent, neoliberal, governments.
Wero again? It’s a German and French solution, it will never spread to the rest of Europe. Digital Euro is a solution developed by EU.
It’s in Belgium and the Netherlands already what are you talking about
Yes, it’s also in Belgium and Netherlands. That’s it. Read about EPI and EuroPA. It was said so many times here already… People who think Wero is going to expand to other countries are simply uninformed.
That’s the current state of the rollout. Wero is poised to expand to the rest of Europe as well. Source: my job.
Interesting. What about this then?
My understanding is that other countries have implemented different solution long time ago (Bizum, Blik and so on) and will not implement Wero. They agreed to integrate with Wero, meaning that Wero users will be able to send money to Bizum/Blik/other users but banks from other countries will not introduce Wero. Where are you getting your info from that they will? Any public sources about it?
That linkdash article is about how they intend to extend local payment methods and make them cross-border. From my understanding, this will exist alongside Wero, using its infrastructure, but it doesn’t mean that it’s not coming itself.
Exact arrival times on Wero in other countries aren’t known yet (I don’t know them either) but it is in the pipeline. The idea is to start with a smaller core of countries first (born out of the very successful Dutch iDEAL), and from the lessons learned and how it catches on they will determine when it expands further.
I have my info from confidential documents relating to my job that I can’t share I’m afraid.
From what I read banks from other countries aren’t interested in Wero and it’s understandable. For example Spanish banks invested a lot of money into Bizum which they control. Why would they now implement Wero which does the same thing but is controlled by French and German banks? It makes no sense. That was the reason for the initial split between EPI and EuroPA and current agreements only confirm it. They will integrate with Wero but will not put it in their apps directly.
They’re different products, Wero offers features Bizum does not. Ultimately Wero is a product banks can make more money off of so they’re likely to invest eventually. But atm Wero is unproven in the actual market, so it remains to be seen how well it will catch on. That’s why these banks don’t want to make the switch immediately, and prefer this expansion route first. If the consumer demand is there, the banks will follow.
Wero is part of the EPI (European Payments Initiative). It’s going to be a network of all the digital payment apps, so you can use your own app all across Europe.
The problem is that the Italian member is Bancomat, which literally nobody uses (Bancomat is a big company, but they issue debit cards; nobody uses their digital payments service).
In Italy, the most used app is Satispay (which is very similar to Swedish Swish, Danish MobilePay, etc.). So I can’t see this initiative taking traction in Italy at the moment.
Yes, the network will expand through integration but Wero itself will not be adapted by banks from other countries. I don’t know why Wero is getting so much attention on lemmy. We can just as well talk about Polish Blik instead of Wero.
Why do you prefer Digital Euro?
I didn’t say I prefer it. I said that digital Euro is a solution backed by EU. Wero is backed by French and German private banks. There are about 10 solution like Wero currently in EU, all backed by banks from different countries, and Wero is not going to replace any of them.
Advocating for an idea shows that you prefer it.
Stating facts about something is not advocating for it. If I say “Poland used PLN, not Euro”, am I advocating for PLN?
You wouldnt waste your energy writing about how one system is better than another. It’s just a weird “I’m impartial” flex
Interesting. You’re not only the type of a person that can always find some meaning in a comment that’s simply not there, you can also tell what I would and would not spend energy on while knowing absolutely nothing about me. Impressive.
What’s the point with you arguing on this.
Yeah, but will they judge what I buy with it?
The EU digital currency act is fully private and backed by the EU. They won’t be able to see what you buy so you can buy as many embarrassing things as you’d like :3
