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Blaze @feddit.nl

3d ago

Portuguese payment system to integrate with Nordic systems

MB Way prepara-se para ligar aos telemóveis do Norte da Europa

16 comments

Finally!
If I'm not mistaken there's an EU project to integrate all such systems across Europe.
- european payment initiative https://epicompany.eu/
- https://en.m.wikipedia.org/wiki/Wero_(payment)
  
  Good that they're working on it, but man is this stuff slow. Germany's still all in on PayPal. I think the EU should just create a common solution. Oh, and create a common way to confirm identities and sign documents online. This national fragmentation is just dumb.
- Yeah, but this is not Wero. This is a private company (think PayPal, but not shitty and European).
  According to a Danish piece on it, there probably will still be Cross-Border- payment fees, even though some countries in that agreement could just rely on a standard SEPA transfer without any additional costs

What is "Nordic systems"?
I'm from Finland and we mostly use bank transfers and sometimes Mobileypay
- It is MobilePay Vipps that is cooperating with other local payment providers to allow transfer across apps.

I think the title is misleading. It is not that payment systems are made compatible, but popular local apps. It's like saying PayPal and Swish are now compatible. According to a Danish piece I read on it, there will probably still be Cross-Border- payment fees, even though if the system would be SEPA-based, there wouldn't be fees (as long as it is the same currency).
- Isn't MB Way a payment system? It was brought up a few times as such by people in the past
  
  @Blaze
  Also, yes, created by the company responsible for the ATM network.
  @trolske
  
  Yeah, I guess it's semantics to a certain degree. I'd call them a payment provider, like PayPal or Klarna, but a payment system for me would be something bigger like SWIFT/SEPA.

TIL! It seems that the Italian Bancomat Pay is already interoperable with Spain and Portugal, but I have no way to test this

Wow nice nice nice :D

Wow this is awesome.

16 comments