←back to thread

Brazil's government-run payments system has become dominant

(www.economist.com)
667 points jcartw | 1 comments | 4/8/2025, 10:59:00 AM | HN request time: 0.202s | source
Show context
losthobbies ◴[4/8/2025, 12:06:00 PM] No.43620731[source]▶

I wonder will the SEPA instant work like this.

replies(1): >>43620897 #
runeks ◴[4/8/2025, 12:25:00 PM] No.43620897[source]▶

Yes, I believe that is the goal: https://www.ecb.europa.eu/paym/integration/retail/instant_pa...

But I think adoption is slow because everyone in the EU already has credit cards and fees are not paid by consumers.

replies(3): >>43622832 #>>43626442 #>>43626722 #
1. wuming2 ◴[4/8/2025, 9:39:00 PM] No.43626722[source]▶

In the first half of 2024 SEPA Instant CT accounted for 15% of the total number of credit transfer transactions processed by euro area retail payment systems: https://www.ecb.europa.eu/press/stats/paysec/html/ecb.pis202...

With the harmonisation and almost free nature of ECB TIPS, becoming mandatory for all European payment service providers by the end of 2025, that figure will keep growing: https://www.ecb.europa.eu/press/intro/events/shared/pdf/fs22...