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European payments groups join forces to challenge US dominance

63 points · 92 comments · vrganj

  1. carlosjobim · · focus · HN ↗
    And the benefits for users would be?
    1. vrganj · · focus · HN ↗
      Being able to pay across Europe with the systems they already have instead of only being able to use them in their own country.
      1. carlosjobim · · focus · HN ↗
        You can already do that with Visa and Mastercard and IBAN.
        1. vrganj · · focus · HN ↗
          Yeah, but the point is to be able to do it without Visa and Mastercard.

          IBAN, I'll grant you. But it's not exactly intuitive.

          1. carlosjobim · · focus · HN ↗
            I understand that this is the point, but what is the benefit for users?
            1. KellyCriterion · · focus · HN ↗
              In case of IBAN: Wero is just another user/function layer on top of SEPA, adding things like "sent money by email or phone number", as they are the aggregator putting this function live,since this functionality was not supposed to be part of SEPA standard.
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