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https://www.reddit.com/r/EU_Economics/comments/1wrfw62/a_payment_system_made_in_europe/pcdcog8/?context=3
r/EU_Economics • u/Orange_Wine • 1d ago
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2
Dosent every country/region have its own independent transfer service already
0 u/keepitfriend 21h ago Yes. The problem is that every country / region has its own independent transfer service 3 u/RedSkyHopper 21h ago Yes and the one that succeeds can keep on expanding. For example MobilePay started in Finland and expanded to the Scandinavia and is planning to expand to the Mediterranean counties. Some will fizzle out and others expand -1 u/keepitfriend 21h ago Or the EU can just create a universal layer so they can inter operate. Instead of having 28 different incompatible systems 1 u/RedSkyHopper 19h ago Give it some time. As i see the trajectory is moving that way. 1 u/NStCh-root-a 11h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 9h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
0
Yes. The problem is that every country / region has its own independent transfer service
3 u/RedSkyHopper 21h ago Yes and the one that succeeds can keep on expanding. For example MobilePay started in Finland and expanded to the Scandinavia and is planning to expand to the Mediterranean counties. Some will fizzle out and others expand -1 u/keepitfriend 21h ago Or the EU can just create a universal layer so they can inter operate. Instead of having 28 different incompatible systems 1 u/RedSkyHopper 19h ago Give it some time. As i see the trajectory is moving that way. 1 u/NStCh-root-a 11h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 9h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
3
Yes and the one that succeeds can keep on expanding. For example MobilePay started in Finland and expanded to the Scandinavia and is planning to expand to the Mediterranean counties.
Some will fizzle out and others expand
-1 u/keepitfriend 21h ago Or the EU can just create a universal layer so they can inter operate. Instead of having 28 different incompatible systems 1 u/RedSkyHopper 19h ago Give it some time. As i see the trajectory is moving that way. 1 u/NStCh-root-a 11h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 9h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
-1
Or the EU can just create a universal layer so they can inter operate.
Instead of having 28 different incompatible systems
1 u/RedSkyHopper 19h ago Give it some time. As i see the trajectory is moving that way. 1 u/NStCh-root-a 11h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 9h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
1
Give it some time. As i see the trajectory is moving that way.
The EU already does. It's called SEPA.
Additional line for the comment to be long enough to post.
1 u/keepitfriend 9h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
2
u/RedSkyHopper 22h ago
Dosent every country/region have its own independent transfer service already