this post was submitted on 17 Aug 2025
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They could, but in Europe each country has at least one local payment systems. It was just more convenient to provide a few global players instead of dozens local ones. Many online shops here too is just local player + visa/Mastercard. That might change now that the global players get too controlling. (Not speaking for entire EU, just the part I visited.)
Huh? https://www.ecb.europa.eu/paym/integration/retail/sepa/html/index.en.html
That works for account to account transfers and in shop payment with your card. The online payment world is still a lot more fragmented.
Um, no? They can provide an IBAN and then you can pay almost instantly with most banks, with the worst ones taking a business day or two.