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0 pointsvalzam4y ago0 comments

That being said, there are several initiatives that can hopefully challenge the visa/mc hegemony:

https://payid.com.au/ is gaining wide adoption in Australia. It seems like Australia has abandoned their homegrown payment rails (EFTPOS) in recent years and all bank cards are actually visa/mc. But maybe with PayId on phones this will change again.

https://www.europeanpaymentscouncil.eu/what-we-do/sepa-insta... is coming to Europe and hopefully will see similar adoption to PayID.

As mentioned often, America is behind the rest of the world by at least a decade but maybe they can leapfrog similar to developing markets.

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bjowen4y ago

eftpos has been quiet while doing quite a lot of innovation (eg - [0]). ATMs and any CHQ/SAV transaction still run on their rails, and there’s a lot of iceberg below what you see in terms of branding at point of sale and plastic cards.

[0] https://www.eftposaustralia.com.au/news/eftpos-has-started-c...

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