• Sanctus@lemmy.world
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      1 year ago

      In other countries the government has an app thats free and plays that role. Instead of a corporation trying to make money.

      • WarmSoda
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        1 year ago

        You’re talking about countries that have state banks? Like who?

        • Sanctus@lemmy.world
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          1 year ago

          Its not a bank, the government covers the same service Meta, or Venmo does here with electronic payments from your phone. Its like free wire transfers for everyone. It helps people spend and move money.

          • PeleSpirit@lemmy.world
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            1 year ago

            Doesn’t Canada and a lot of Europe have that? I think Japan has a state bank, but I’m not sure if that’s included. This info is awesome, could you elaborate on who has it or what it’s called so I could look it up?

            • Hapankaali@lemmy.world
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              1 year ago

              In the Eurozone private banks simply have to facilitate wire transfers to other accounts free of charge and instantly. People do it through their bank’s app or website, usually. This is regulated through the SEPA.

                • Hapankaali@lemmy.world
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                  1 year ago

                  As for taxes, I do it in a few minutes through the free government-provided online portal.

                  Then again, you probably don’t have to sign so many Datenschutzerklärungen…

              • WarmSoda
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                1 year ago

                WTF free transfers?
                Good for them, man. That’s awesome.

                • Fushuan [he/him]
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                  1 year ago

                  Yeah, anything without free regular transfers (2/3 days of delay at most) and at least 1 debit card won’t get customers.

                  Then there’s Bizum here too (Spain), which a system used by all the banks to be able to send money to someone through their mobile phone, without knowing their bank account. We use it in outings where 1 pays for all and then we divide the receipts and just instant transfer whatever each one ate.

                  Some businesses are starting to use Bizum too to avoid the cut Visa and other card carriers take.

                  • WarmSoda
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                    1 year ago

                    Oh wait. The US has fees if you transfer immediately. Outside of 2-3 days is free. I thought you guys were saying the immediate transfers are free.

            • Sanctus@lemmy.world
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              1 year ago

              India’s UPI. I am American, so I have only read about these systems online. I also could be wrong about the intended use case per country. China has one, too. Apparently the Bahamas also has one.

    • PorkSoda@lemmy.world
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      1 year ago

      My beef is that they want to act like banks, but with none of the oversight and regulations of an actual bank. Ever had a real problem with PayPal? Say what you want about the banking industry, but I can get a real US -based person on the phone within 10 minutes to help me solve my problem.

      • WarmSoda
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        1 year ago

        First of all. Primus sucks! and I should have taken your name.

        On the subject, didn’t PayPal get hit with regulations finally or did I make that up in my head?
        Very true about actually getting in contact with someone. The best you can do is chat support, and I’ve been through that just to change my phone number with them cuz the app glitched out on me. Took two weeks to get it changed.