[kevin061]

You have lost faith in the EU because they want to do exactly what you want ...?

Does the Thai payment system work in a German restaurant? Then why should the EU one work in Malaysia?

Can you pay with WeChat in France? Can you pay with CashApp in Ireland?

This is a very silly comment. I for one more than welcome this new payment system.

[samus]

In very touristy places it is not uncommon for merchants to allow Chinese payment networks to be used.

[mathverse]

You misread this comment. Thai payment system works across the Asian countries (they are not in a UNION are they?). You can use that payment system if you have a bank in Singapore,Korea,Indonesia etc.

Instant no fee payments.

[kevin061]

SEPA is instant and no fees outside the EU too, like Norway and UK.

It's great Thailand has this, but I still fail to see how EU trying to copy Thailand (for a definition of copying) makes you lose faith in the EU. You would rather not have this no-fee payment system in the EU? How is this at all a negative thing?

[mathverse]

>SEPA is instant and no fees outside the EU too, like Norway and UK. This is not the point. They need to be in SEPA for it to work.

>It's great Thailand has this, but I still fail to see how EU trying to copy Thailand (for a definition of copying) makes you lose faith in the EU. You would rather not have this no-fee payment system in the EU? How is this at all a negative thing?

The point is Thailand managed this due to economic, capitalist needs across different countries and cultures.

The EU is a union and did not even manage to do that as well as Thailand.

[kevin061]

ES has Bizum, NL has Tikkie, and iDEAL, IT has Bancomat, Poland has BLIK.

Thailand is just a country. Why are you comparing Thailand to the world's second biggest economy?

Are you really telling me that failing to coordinate several dozen countries, some with their own currency, is a showcase of failure of the EU?

This makes absolutely no sense.

[omnimus]

Those services you mentioned along with some others (like German Giropay) have been connected under one umbrela of Wero in 2024.

That's whats so confusing about this Digital euro. Why not just push Wero? It already is cooperation of many banks that have presence all around europe. I guess difference is that Digital euro will be going through european central bank? That could be huge fail because by 2029 (when digital euro should start) SEPA instant payments with QR codes and initiatives like Wero will be super established.

[samus]

It's not surprising at all that a single country could do this, especially since it's such a relatively affluent one and none of their neighbors had anything similar.

[mathverse]

Thailand is definitely not an affluent country.

[samus]

That why I used the word relatively. Many of its neighbors are way less affluent.

[mathverse]

Additionally you need to understand that to be a true VISA/MC alternative like JCB that card needs to work abroad with the POS terminals just needing a SW update. And it needs to rolled out NOW.