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Brazil's government-run payments system has become dominant

(www.economist.com)
666 points jcartw | 1 comments | 08 Apr 25 10:59 UTC | HN request time: 0.205s | source
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wuming2 ◴[08 Apr 25 12:16 UTC] No.43620806[source]▶
Hopefully ECB’s TARGET Instant Payment Settlement (TIPS) service will enable the same widespread adoption. With a price of 0.002 euro per transaction it’s guaranteed to become the most convenient solution.
replies(2): >>43621099 #>>43621472 #
panick21_ ◴[08 Apr 25 12:46 UTC] No.43621099[source]▶
Doesn't pretty much every country in Europe already have such a service?
replies(1): >>43621426 #
1. wuming2 ◴[08 Apr 25 13:12 UTC] No.43621426[source]▶
They are mostly based on previous generations SEPA DD and CT. Italy’s Satispay as example. ECB TIPS further improves on that.