this post was submitted on 21 Mar 2025
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[–] gigachad@sh.itjust.works 15 points 1 day ago* (last edited 1 day ago) (3 children)

The EU plans this for many year, but the problem is every country is doing its own thing with its own standard, that is not working anywhere else. In Germany for example we have Giropay as a solution, which doesn't work in other countries. As it turns out, people move though, that's why for a couple of years now every bank is switching to VISA debit cards...

[–] janbaumy@lemm.ee 11 points 1 day ago (1 children)

As far as I know, Giropay is being replaced by Wero, which is already supported by some banks in different European countries.

It is so far one if the better PayPal/Visa/MasterCard alternatives I‘ve used, but adoption is still a problem.

[–] lmuel@sopuli.xyz 3 points 1 day ago

Yeah I’ve got a notification about Wero in my Sparkasse App but haven’t bothered checking it out yet lol

I have a couple of friends that seem to like it tho, I just rarely send any money

[–] Jesus_666@lemmy.world 6 points 1 day ago

Annoyingly, we already have fast transactions as part of SEPA. But they're somewhat inconvenient to do and especially not available by just holding your card in front of a sensor.

If we had a harmonized standard for that we could get rid of Visa and MasterCard. And if we had a common web interface to make SEPA transactions more convenient than manually typing an IBAN into a homebanking interface we could get rid of PayPal as well.

Yes, I know services like that exist but I really hate how the current ones expect me to type the login credentials for my homebanking into a third-party website.

[–] Microw@lemm.ee 1 points 1 day ago

Exactly. Austria has eps which works well within Austria and with Austrian companies online, but no further than that.