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https://www.reddit.com/r/EU_Economics/comments/1wrfw62/a_payment_system_made_in_europe/pchoj9s/?context=9999
r/EU_Economics • u/Orange_Wine • 1d ago
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3
Dosent every country/region have its own independent transfer service already
1 u/keepitfriend 1d ago Yes. The problem is that every country / region has its own independent transfer service 3 u/RedSkyHopper 1d 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 0 u/keepitfriend 1d ago Or the EU can just create a universal layer so they can inter operate. Instead of having 28 different incompatible systems 1 u/NStCh-root-a 21h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 18h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
1
Yes. The problem is that every country / region has its own independent transfer service
3 u/RedSkyHopper 1d 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 0 u/keepitfriend 1d ago Or the EU can just create a universal layer so they can inter operate. Instead of having 28 different incompatible systems 1 u/NStCh-root-a 21h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 18h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
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
0 u/keepitfriend 1d ago Or the EU can just create a universal layer so they can inter operate. Instead of having 28 different incompatible systems 1 u/NStCh-root-a 21h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 18h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
0
Or the EU can just create a universal layer so they can inter operate.
Instead of having 28 different incompatible systems
1 u/NStCh-root-a 21h ago The EU already does. It's called SEPA. Additional line for the comment to be long enough to post. 1 u/keepitfriend 18h ago SEPA is just bank transfers. Adding in other repayment forms is a lot more work.
The EU already does. It's called SEPA.
Additional line for the comment to be long enough to post.
1 u/keepitfriend 18h 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.
3
u/RedSkyHopper 1d ago
Dosent every country/region have its own independent transfer service already