This is an Austrian company that offers mobile payments with barcode/qr-code in shops in Austria and Germany, as well as in a few places in Italy and Luxembourg.
I use it since one year. It works fine, but it could definitely use more attention, so that more shops start to accept it. What are your thoughts on that?
On one hand, I want the convenience of a unified system. On the other hand, I don’t want another monopoly with a dangerously wealthy CEO at the helm.
at least the swish system is set up as a collaboration between banks. it’s not its own entity. assuming most of the others work this way too, since transferring between banks takes so long.
Maybe a payment system that would only be responsible for EU transfers would be the solution? In addition to the established solutions.
I don’t have a great understanding of economics and business, but I think what we need ultimately is to start cooperatives that compete with the megacorps. It seems to distribute wealth more fairly, instead of weaponising wealth.